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OldLouisvilleInnPreservation/Rehabilitation/Addition04/10/12 <br />Page2of3pages <br />ofavailablefunding.Inthiscase,itwillbenecessarytodesigntotheavailable <br />funds,giventheeconomicrealityforthisproperty. <br />Tothatend,wearerequestingapreliminaryreviewbytheHistoricPreservation <br />Commission(HPC)oftheprojectscopeandbudgettodeterminethelikelihoodthat <br />grantfundingwillbeavailableintheamountsrequiredtocompletethisproject.We <br />wouldalsoliketogetabettersenseofthedesiresofCityCouncilinthisregardas <br />well,astheywouldbetheultimatedecision-makersregardingapprovaloffunding. <br />RegardingtheHPF,andtherecentlyapprovedResolutionNo.2,Series2012,we <br />areseekingclarificationregardingthefollowingprovisions. <br />Section7,Maximumgrantamountsandprocedures. <br />a.Themaximumcombinedamountofincentiveandgrantfundingfromthe <br />HistoricPreservationFundthatanypropertymayreceiveislimitedtothe <br />following: <br />i.$21,900perpropertyforalandmarkresidentialstructure <br />ii.$181,000perpropertyforalandmarkcommercialstructure <br />iii.$141,000perpropertyforadesignatedcommercialstructureofmerit <br />iv.$75,000foranynewcommercialconstructionprojectthatlimits <br />themass,scale,andnumberofstories;preservessetbacks,preserves <br />pedestrianwalkwaysbetweenbuildings;andutilizesmaterialstypicalof <br />historicbuildings,abovemandatoryrequirements. <br />WeunderstandthatregardingSection7(a.ii),aqualifiedlandmarkedcommercial <br />structurethatmeetsalloftheHPC’srequirementswouldbeeligibleforamaximum <br />of$10,000signingincentive+$6,000forhistoricassessment+$65,000flexible <br />grant+$100,000preservation/restorationgrant(requiringmatchingfunds),fora <br />totalof$181,000inpotentialgrantfundingfromtheHPF. <br />Question#1:Basedontheinformationsubmittedherein,doestheHPC&Council <br />believethattheproposedrenovationoftheOldLouisvilleInnbuildingwouldqualify <br />forthemaximumamountof$181,000? <br />NoteregardingSection7:theparagraphstructureintheapprovedordinancedoes <br />notutilizethequalifier“or”inthelistofmaximumcombinedincentives.Basedon <br />thewording,itwouldappearthataPropertycouldqualifyformultipleincentives,if <br />forexamplethepropertycontainedalandmarkedresidentialstructure,anda <br />landmarkedcommercialstructure,andnewcommercialconstructionthatmetthe <br />mass,scale,setbackrequirements,etc.Also,itwouldappearthat“anynew <br />constructionproject”couldbereferringequallytoanewstand-alonestructureora <br />newadditiontoanexistingbuilding. <br />Question#2:A.)Baseduponthewordingoftheordinance,doestheHPC& <br />Councilbelievethatmultipleincentivesmaybegiventoasingleproperty,similarto <br />theexampleabove,perhapsevenallfourincentives?B.)Istheassumptionabove <br />correctregardingthedefinitionof“anynewconstructionproject”? <br />Question#3:Section7,(a.iv)referstoa$75,000incentivefor“anynewcommercial <br />constructionproject”.Assumingtheanswertoquestion#2isaffirmative,andbased <br />ontheinformationsubmittedherein,doestheHPC&Councilbelievethatthe <br />additionoffunctionalsquarefootagetotheexistingbuilding,(subjecttothe <br />