Historic Preservation Commission Agenda and Packet 2019 02 18

Home Browse Search

Historic Preservation Commission Meeting Minutes January 14, 2018 Page 2 of 6 721 Grant Avenue Louisville, CO 80027 • Case Manager: Felicity Selvoski, Planner Dickinson recused himself due to a conflict of interest. Selvoski explained that 721 Grant had been landmarked, granted an alteration certificate, and a grant of $73,436.50. In 2017, there was an alteration certificate update and a structural assessment was completed in 2016. Requested work covered by the loan included work on the siding, roof, gutters, windows, doors, porch, and deck, all of which are part of the landmarked portion of the property and addressed by previous alteration certificates. The current balance of the Fund at the end of 2018 was $2,044,259. The applicant has used other funding sources under the Fund. The Wall Street Journal prime rate at the time when the applicant submitted their paperwork was 5% and it is currently 5.5%. Staff recommends that the HPC approve the loan in the amount of $69,000 and payment of the $400 loan processing fee. Zuccaro noted that Dickinson could not represent himself due to the conflict of interest and he did not have an architect to represent him. Haley asked if the $400 would be paid by the applicant or by the Fund. Zuccaro stated that the relevant resolution was unclear, but it seemed to leave it open to a Council decision and staff felt it was appropriate to pay it out of the Fund. Parris asked if the requirement to pursue other funding options included options available outside Louisville. Selvoski responded that staff considered other options to be limited to those available through the City of Louisville. Dunlap observed that he thought the $400 was meant to come out of the Fund. Zuccaro and Selvoski confirmed that was staff's interpretation, but it would ultimately be up to Council. Thomas stated that he did not have an objection to including the $400 as part of the fund amount, due to the applicant's financial dedication to the project as already proven. Haley asked if the Commission had decided on a new percentage rate for loans. Selvoski responded that the Commission had not made a decision for the updated fund amounts, but as written the percentage interest was based on the Wall Street Journal prime rate at the time of application.