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Department of Planning and Building Safety <br />749 Main Street Louisville CO 80027 303.335.4592 www.LouisvilleCO.gov <br />MM <br />EMORANDU <br />To: <br /> Historic Preservation Commission Members <br />From: <br /> Planning Division <br />Subject: <br /> Commercial Incentives <br />Date: September 19, 2011 <br />At the July 12, 2011 City Council study session, Council directed the Historical <br />Preservation Commission (HPC) and Staff to move forward with finalizing a <br />recommendation for additional Commercial Incentives eligible for Historic <br />Preservation Fund (HPF) funding aimed at further encouraging the preservation <br />structures in downtown. A copy of the latest draft of the Commercial Incentives <br />is attached for your review. <br />There was limited discussion at the study session regarding the specifics of the <br />commercial incentives. So the question still remains whether the amounts being <br />proposed are adequate or are they considered too high, or too low? As you <br />review the attached document keep in mind this incentive, as written, will make a <br />property owner eligible for an immediate seventy five thousand ($75,000) dollars. <br />For example, if six (6) properties take advantage of this incentive it would result <br />in the release of $450,000. <br />