Historic Preservation Commission Agenda and Packet 2019 03 18

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ILa Cityof Louisville COLORADO • SINCE 1878 SUBJECT: DATE: Historic Preservation Commission Staff Report March 18, 2019 DISCUSSION/DIRECTION — HISTORIC PRESERVATION FUND REAUTHORIZATION MARCH 18, 2019 PRESENTED BY: FELICITY SELVOSKI, PLANNER / HISTORIC PRESERVATION PLANNING AND BUILDING SAFETY DEPT SUMMARY: At the February 18, 2018 Historic Preservation Commission (HPC) meeting, commissioners gave staff feedback and direction regarding revisions to the preservation program. The following report outlines and summarizes revisions to the Historic Preservation Fund as part of the reauthorization process. The steps necessary to complete this evaluation and produce a new resolution are described below. We are currently on stop four, the final step in the process. 1. Staff provides more information to the Commission based on June 2018 meeting requests. 2. HPC makes recommendations based on additional information. 3. Staff and subcommittee draft a resolution. 4. Staff brings final resolution back to HPC for approval, followed by City Council approval. Staff requests that the HPC respond to the resolution revisions described below. BACKGROUND: At the February 2018 HPC meeting, staff presented a list of issues for the Commission to consider that included: 1. What timeframe should be applied to the new grant process? 2. Will there be residential new construction grants to encourage homeowners to landmark their properties? If so, what grant amount would be reasonable? 3. Will the revolving loan interest rate be changed to 1 % below the Wall Street Journal Prime Rate? 4. Are there additional changes or adjustments that need to be made? The Commission discussed the above issues and provided feedback on each, resulting in the draft resolution wording included with this report. Program changes based on Commission feedback are summarized below.