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RESOLLUTION NO. 51, SERIES 2007 <br />A RESOLUTION OF THE LOIUISVILLE CITY COUNCIL DECLINING TO ACT AS A <br />REVIEWING ENTITY FOR T'HE STATE INCOME TAX CREDIT PROGRAM FOR <br />QUALIFYING REHABILITATIC>N PROJECTS UNDER COLORADO HOUSE BILL 90- <br />1033 <br />WHEREAS, Colorado House Bill 90-1033 (C.R.S. § 39-22-514, as amended) <br />was signed unto law April 20,1990, establishing tax credits for historic structures <br />throughout the state; and <br />WHEREAS, the provisions of C.R.S. § 39-22-514 (10) (a) require that each <br />Certified Local Government adopt annually a resolution stating whether such Certified <br />Local Government will act as a reviewing entity during the following twelve (12) months; <br />and <br />WHEREAS, the City of Louisville and the Louisville Historic Preservation <br />Commission currently lack the resources to act as the reviewing entity for rehabilitation <br />projects. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF LOUISVILLE, COLORADO: <br />The City of Louisville hereby declines to act as a reviewing entity for the <br />purposes of subsections (3) and (6) of C.R.S. § 39-22-514 for calendar year 2008 <br />PASSED AND ADOPTEID this ~~~ day of , 2007. <br />a <br />f <br />~~'~ ~` ~ ~~ ~ Charles <br />1~.+° ~ <br />,, ~ <br />L, ~ S6 <br />Nancy~'~ity Clerk <br />