Historic Preservation Commission Agenda and Packet 2018 01 22

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Architectural Significance — Exemplifies specific elements of an architectural style or period. • The sign currently located at 640 Main Street is representative of neon signs popular in the 1950s. Represents a built environment of a group of people in an era of history that is culturally significant to Louisville. • The sign currently located at 640 Main Street represents the Colacci family and the Blue Parrot restaurant, which operated in that location for 98 years, until its closing in 2017. Social Significance - Exemplifies cultural, political, economic, or social heritage of the community. • The sign currently located at 640 Main Street exemplifies the cultural and social heritage of Louisville's Italian community, and the popular Blue Parrot restaurant. ALLOCATION OF FUNDS TO ACQUIRE A STRUCTURE REQUEST: The applicant, 1882 Ventures, LLC, requests consideration for allocations of funds to acquire the Blue Parrot sign and the preparation for the sign to be stored temporarily at a city facility. The applicant proposes an acquisition cost equivalent to the cost to construct and install a similar sign. The funds request totals $34,133.00, with $31,283.00 for the acquisition, $2,850.00 for the packaging and removal of the sign. As noted above, Resolution 20, Series 2009 allows HPF funds to be used to acquire a property, in this case a sign. The resolution states the property shall be landmarked pursuant to the LMC. Staff anticipates additional funds will be requested by the city at a future meeting to facilitate the relocation and placement of the sign to a city facility for display. FISCAL IMPACT: The sign is eligible for acquisition. The balance of the Historic Preservation Fund as of December 31, 2017 was $1,732,705. RECOMMENDATION: Landmarking The sign appears to have maintained significant architectural integrity since its installation in the 1950s. The overall form of the sign has been maintained. Staff recommends that the sign be named for the Blue Parrot restaurant, which operated in Louisville for 98 years. Therefore, the staff recommends that the sign be landmarked by approving Resolution No. 01, Series 2018. Allocation of Funds to Acquire the Sign Staff recommends the sign be acquired by the city through the allocation of funds to acquire property by approving Resolution No. 02, Series 2018. This will provide the city the highest assurance that the sign will be preserved intact. 7