Historic Preservation Commission Agenda and Packet 2020 06 08

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$40,000 limitation on matching grants when there is a "showing of extraordinary circumstances relating to building size, condition, architectural details, or other unique condition compared to similar Louisville properties" and applicant matches "at least one hundred percent (100%) of the amount of the grant'. Two extraordinary circumstances grants have been approved in the past. The initial grant request and the amount ultimately awarded are summarized in the table below: Date Approved Max. Standard Preservation Preservation Preservation Grant Requested Grant Awarded Grant 721 Grant Ave. 12/6/2016 $20,000 $80,600 $73,436.50 1021 Main St. 11/5/2018 $20,000 $57,515 $49,929 Staff agrees that the scope and cost of the foundation work qualifies as extraordinary circumstances and is eligible for additional grant funding above the normal maximum of $40,000. Staff recommends that the matching grant be limited to $61,775 (the $40,000 grant maximum plus $21,775 match for foundation work to both the house and porch). New Construction Grant: In addition to the preservation grants, the applicant is also requesting a $15,000 new construction grant under Resolution No. 17, Series 2019. "Owners of landmarked property on which additions to existing residential structures are proposed are eligible for matching grants of up to $15,000 for new residential construction that, beyond mandatory requirements, substantially limits mass, scale, and number of stories, preserves setbacks, and protects the historic integrity of the property and its environment by differentiating new work from the old. Qualifying new construction must maintain the existing height of the historic structure over the first 113 of the overall structure and have a floor area ratio (FAR) 10% below what is allowed by zoning. " Staff finds that the proposed design does limit the mass and scale of the proposed addition, maintains the existing height of the historic structure over the first 1/31d of the overall structure, and preserves the existing front and side setbacks of the historic structure. The proposed new construction is clearly differentiated from the historic portion of the structure. The maximum floor area ratio (FAR) for this property is 0.45 following landmarking or 4,116 SF. Ten percent below that would be an FAR of 0.405 or 3,704 SF. The FAR for the property following the addition proposed by the applicants is 2,926 SF. Based on that, staff recommends approval of the new construction grant in the amount of $15,000. 12