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described above. Applicants should notify <br />staff of these extraordinary circumstances <br />prior to the expiration of the existing time <br />limits. <br />PREVIOUSLLY LANDMARKED PROPERTIES <br />Existing Resolution Language <br />Proposed Resolution Language <br />NONE <br />Owners of previously landmarked <br />properties who have not accessed grant <br />funds for prior preservation work may apply <br />for grants through the extraordinary <br />circumstances process. <br />REVOLVING LOAN FUND <br />Existing Resolution Language <br />Proposed Resolution Language <br />The loan program as currently written ties <br />the interest rate on the loan to the Wall <br />Street Journal Prime Rate (currently <br />5.25%). <br />Interest rates shall be equal to 1 % below <br />the Wall Street Journal Prime Rate as <br />reported on the date of city acceptance of a <br />complete application. <br />DISCUSSION QUESTIONS: <br />1. Are there any final changes, revisions, or additions that need to be made to the <br />resolution? <br />ATTACHMENTS: <br />1. 2019 Draft Resolution <br />3 <br />