Resolution 2018-60 - Laserfiche WebLink

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Section 1 Section 1 of Resolution No 20, Series 2009 is hereby amended to read as follows (words added are underlined, words deleted are chicken through): Section 1 Historic Preservation Fund There exists a "Historic Preservation Fund" ("HPF") in the City of Louisville, as established by Ordinance 1544, 2008 and amended by Ordinance 1743, 2017 a. The HPF shall be funded by Proceeds from the 1/8% sales tax established by 2008 Louisville Ballot Issue 2A and Ordinance 1544, Series 2008 and extended by Louisville Ballot Issue 2F and Ordinance 1743, Series 2017,. ii. Proceeds from the_allocation of 1/8% use tax_ for historic preservation, as established by Louisville Ballot Issue 2D and Ordinance 1575, Series 2010, uiu. Private and public donations, bequests, grants and funding from other sources made to the City for historic preservation purposes, Interfund loans from the City of Louisville, if approved by ordinance, and ivv. Earnings on such amounts as may be deposited in the HPF b The City of Louisville Historic Preservation Commission (HPC) shall make recommendations regarding expenditures from the HPF, but final action shall by taken by City Council by resolution, provided that after January 1, 2019, any expenditure of funds outside historic Old Town Louisville is approved by the affirmative vote of not less than five members of the entire City Council. The HPF should be managed to achieve maximum preservation of historic structures and the character of historic Old Town Louisville c. The HPC shall submit an annual statement of goals and recommendations to City Council, and may supplement, modify or update this document throughout the year as necessary d As further detailed in Sections 2-66 below, the HPF shall consist of the following few five categories of funds Administrative, ii Incentives for Historic Preservation, to Preserve Character, and for New Construction, Resolution No. 60, Series 2018 Page 2 of 6