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d. An exception to the requirement for a building assessment may be <br /> granted by the Historic Preservation Commission for good cause. <br /> Section 3. Flexible grants for preserving, restoring, rehabilitating, or protecting <br /> landmarked property: <br /> a. For a period of 18 months from when a property is declared a <br /> landmark pursuant to Chapter 15.36 of the Louisville Municipal Code <br /> the owner of the property shall be eligible for a grant from the Historic <br /> Preservation Fund in the amount of up to $5,000 for residential <br /> structures and up to $65,000 for commercial structures. These grants <br /> are available for the following purposes: <br /> i. Preservation and restoration: These projects include measures <br /> directed towards sustaining the existing form, integrity, and <br /> materials of a historic property, including preliminary measures <br /> to protect and stabilize the property. Up to 10% of a grant may <br /> be used for one-time actions considered routine maintenance. <br /> Routine maintenance includes painting, refinishing and exterior <br /> cleaning. <br /> ii. Rehabilitation: These projects include measures directed toward <br /> adapting a property to make efficient contemporary use of it <br /> while sensitively preserving the features of the property, which <br /> are significant to its historical, architectural, and cultural values. <br /> Sensitive upgrading of mechanical, electrical, and plumbing <br /> systems and other code-required work to make the property <br /> functional is appropriate within a rehabilitation project. This <br /> category also includes the restoration of a property to a specific, <br /> significant point in its history. <br /> iii. Pre-development: These projects include assessments of past <br /> and present historical features of a property for the purpose of <br /> properly and adequately documenting these characteristics. <br /> This includes assessing the physical condition of any existing <br /> historic features. Grants for this purpose will be available to <br /> individuals desiring to do restoration and renovation projects. <br /> b. Grant funding may only be expended for the activities listed in this <br /> section for landmarked portions of a property. <br /> Resolution No.2, Series 2012 <br /> Page 3 of 6 <br />