City Council Minutes 2019 05 21 - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes May 21 2019 Page 3 of 14 LEGALLY DESCRIBED AS OUTLOT A, DAVIDSON HIGHLINE SUBDIVISION REPLAT 2 — 2nd READING, PUBLIC HEARING (advertised Daily Camera 4/12/19) Mayor Muckle moved to continue this item to June 4, Councilmember Maloney seconded Voice Vote all in favor RESOLUTION NO 17, SERIES 2019 — A RESOLUTION REPEALING RESOLUTIONS IMPLEMENTING THE HISTORIC PRESERVATION FUND BY REENACTING INTO A SINGLE RESOLUTION INCORPORATING ALL PREVIOUS RESOLUTIONS, PROVIDING UPDATES FOR THE RECENT BALLOT MEASURE, AND INCREASING CERTAIN INCENTIVES Mayor Muckle introduced the item by title Planner Solvoski stated some changes were made to the language in the resolution and copies were available on the dais. The Historic Preservation Commission (HPC) has been reviewing the historic preservation program specifically to look at what the maximum amounts should be for historic structure assessments, residential grants, and commercial grants, are there ways to simplify the grant process, how to eliminate barriers to land - marking, how to make the program more user-friendly; should there be an update to the new construction grant criteria to match the alteration certificate language, how should changes apply to previously landmarked properties, and is this an incentive to landmark or a way to facilitate maintenance Staff surveyed local architects and contractors who have worked in the program to better understand the cost of preservation projects The feedback staff got was the grants need to be increased to be useful Staff and the HPC are recommending increasing the grant levels for both commercial and residential grants. Solvoski reviewed the specific grant levels being proposed for each type of grant and other changes to the program including higher funding amounts available, allowing a grant for new construction for residential properties, new criteria for the grants, and new timelines for grants Solvoski stated the current balance of the fund is estimated at almost $2M Average revenue over the last three years is $731,000 annually For future revenues 80% goes into the Historic Preservation Fund and 20% into museum operations. Administrative costs average $140,000 annually Over the next 10 years of the grant, staff estimates additional available funds of approximately $5 9M With the updated incentives, staffs target is four new residential landmarks and one commercial landmark annually for the next 10 years. If all properties maximize their grants, this would result in expenditures of $5,650,000 from the Historic Preservation Fund In addition, funds need to be maintained for the revolving loan program Staff finds the estimated revenue over the next 10 years is adequate to fund grants at the proposed levels and maintain an additional $1-2 million for the revolving loan fund