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the criteria in section 15.36.050 of the Louisville Municipal Code. If probable <br /> cause is not found by the HPC, a pre-landmarkinq building assessment grant <br /> will not be issued. If probable cause is found by the HPC, the owner of the <br /> property shall be eligible for a pre-landmarking building assessment grant in <br /> an amount up to the limits set forth in this Section. Such grant shall be used <br /> solely to offset a portion or all of the cost of conducting the building <br /> assessment, and the amount awarded shall be deducted from the overall <br /> grant amount available at the time of or as a result of landmarking. A finding <br /> of probable cause under this Section is solely for purposes of action on the <br /> pre-landmarkinq building assessment grant request, and such finding shall <br /> not be binding upon the HPC, City Council or other party to a landmarkinq <br /> hearing. The HPC shall report to the City Council its action taken on each <br /> pre-landmarking building assessment grant request. <br /> Section 2. Section 5 of Resolution No. 2, Series 2012 is hereby amended to <br /> add a new subsection 5.e, reading as follows (words added are underlined): <br /> Section 5. Focused preservation and/or restoration grants with matching funding <br /> requirements: <br /> a. In addition to being eligible for the grants listed elsewhere in this Resolution, a <br /> property declared a landmark pursuant to Chapter 15.36 of the Louisville <br /> Municipal Code is eligible for a grant from the Historic Preservation Fund in <br /> the amount of up to $100,000 for commercial structures and up to $15,000 for <br /> residential structures activities described in this Section, or a series of grants <br /> totaling $100,000 for commercial structures and up to $15,000 for residential <br /> structures. <br /> b. In addition to being eligible for the grants listed elsewhere in this Resolution, a <br /> property designated by the City Council as a structure of merit is eligible for a <br /> grant from the Historic Preservation Fund in the amount of up to $75,000 for <br /> commercial structures activities described in this Section. <br /> c. Grants specified in this section may only be used for preservation and/or <br /> restoration projects: These projects include measures directed towards <br /> sustaining the existing form, integrity, and materials of a historic property. <br /> None of the funding awarded pursuant to this section may be used for any <br /> actions considered routine maintenance. Routine maintenance includes <br /> painting, refinishing and exterior cleaning. <br /> d. All grants authorized under this Section shall be conditioned on the applicant <br /> matching at least one hundred percent (100 %) of the amount of the grant <br /> with expenditures or an equivalent value of approved in-kind services that are <br /> integral to the project that is deemed eligible for a grant from the Historic <br /> Preservation Fund. <br /> 3 <br />