Resolution 2019-17 - Laserfiche WebLink

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i. Administrative Funds, ii. Contingency/Emergency Reserve Funds, iii. Sales and Use Tax Proceeds to Support the Operations and Maintenance of the Louisville Museum Campus, iv Acquisions Funds, and v Incentives for Histone Preservation, to Preserve Character, and for New Construction, including grants and loans. Section 2. Administrative Funds. Administrative Funds shall be used for purposes consistent with the establishment of the HPF, and shall include, but not be limited to a. Historical building surveys, other site surveys or reconnaissance -level or intensive -level historic and architectural surveys, b Staff to support the Commission and City activities in admirustenng programs funded by the tax, including, but not limited to, interns, preservation planners, staff to conduct research for demolition review functions by the Commission and to assist vendors in conducting historic preservation surveys, and other support staff; c. Plaques or other designations to honor structures that are landmarked or add to the character of histonc Louisville d. Public outreach and education efforts; and e. Funding of public-pnvate partnerships for preservation of buildings of histonc significance Section 3. Contingency/Emergency Reserve Funds. In the first year of the existence of the HPF, 20% of the funds of the HPF shall be placed in a Contingency/Emergency Reserve. Onan annual basis, the Commission and City Council shall reevaluate how much should be allocated to this Reserve. These funds shall be accessed only for incentives or acquisitions that become necessary due to exigent circumstances, upon the recommendation of the Commission and approval of City Council. "Exigent circumstances" for purposes of this section shall mean that the Commission has determined, with concurrence of City Council, that without urgent action, significant damage will be done to the historic fabric or character of Louisville. Section 4. Operation and Maintenance for the Louisville Museum Campus As of January 1, 2019, no more than twenty percent (20%) of the net annual city fiscal year proceeds of the one -eighth percent sales and use tax for histonc preservation shall be used or the operation and maintenance of the Louisville Museum Campus. Section 5. Acquisitions Funds. Use of Acquisition funds of the HPF shall include, but not be limited to 3