Historic Preservation Commission Agenda and Packet 2019 03 18

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INCENTIVES RESIDENTIAL NEW CONSTRUCTION Existing Resolution Language Proposed Resolution Language NONE Owners of landmarked property or property with an established conservation easement on which new residential structures or additions to existing residential structures are proposed are eligible for matching grants of up to $15,000 for new residential construction that limits mass, scale, and number of stories, preserves setbacks, and protects the historic integrity of the property and its environment by differentiating the new work from the old. STRUCTURE AND PROCESS GRANT PROCESS TIMELINE Existing Resolution Proposed Resolution For 18 months from when a property is Applications for incentive and grant funds declared a landmark, the owner of the must be received by the Planning property is eligible for a flexible grant from Department within 36 months of the date a the Historic Preservation Fund in the property is declared a landmark or the amount of up to $5,000 for residential establishment of a conservation easement. structures and up to $65,000 for Reimbursement requests for approved commercial structures. grants should be received within 60 months Property owners are also eligible for of a property being declared a landmark or matching grants in amounts up to $15,000 the establishment of a conservation (residential) and $100,000 (commercial) easement. with no time limit. These grant limitations and the time limits for reimbursement described above may be exceeded upon recommendation of the Historic Preservation Commission and approval by City Council upon a showing of extraordinary circumstances relating to building size, condition, architectural details, or other unique condition compared to similar Louisville properties or for unanticipated issues related to the timeline 2