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iii Acquision, and iv Contingency/Emergency Reserve, and v. Operations and Maintenance of the Louisville Museum Campus. Section 2. Subsection c. of Section 2 of Resolution No 20, Series 2009 is hereby amended to read as follows (words added are underlined, words deleted are c. Plaques or other designations to honor structures that are Iandmarked or add to the character of historic Gild -Town Louisville, Section 3. Subsections b , c. of Section 3 of Resolution No 20, Series 2009 is hereby amended to read as follows (words added are underlined, words deleted are stricken through) b Funding for incentives for historic preservation or to preserve the character of historic Gild -Town Louisville shall be used for purposes consistent with the establishment of the HPF, and shall include, but not be limited to Grants to fund the restoration or rehabilitation of existing resources. Grants may be given in installments upon the satisfactory completion of portions of the project, or given in total upon the satisfactory completion of the project. Conditions for the satisfactory completion of the project shall be given when the grant is awarded Grants maybe revoked if the conditions are not met. Grants given prior to the beginning of a project may be given only in suitable situations, as recommended by the HPC and approved by City Council, including approval by not less than five members of City Council for grants outside Old Town Louisville, [Section 3 b ii to stay the same] c. While preservation is the primary purpose of this resolution, new structures may also qualify for the incentives outlined in section 3.b to preserve the character of historic Old -Town Louisville. The purpose of these incentives is to limit mass, scale, and number of stories, to preserve setbacks, to preserve pedestrian walkways between buildings, and to utilize materials typical of historic buildings, above mandatory requirements. Review by the HPC of these projects for eligibility for incentives is not a substitute for City planning processes, but applications for incentives for new construction should be submitted to the HPC at the earliest possible point in the planning process. As part of its review, the HPC may make recommendations for variances from City codes that would provide incentives for preserving the character of historic Old -Town Louisville, irrespective of whether its recommendations include HPF funding Resolution No 60, Series 2018 Page 3 of 6