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Flexible Grant <br />Under Resolution No. 2, Series 2012, the proposed work is eligible for funding as a <br />flexible grant but is limited to a maximum grant amount of $5,000. The proposed <br />insulation work falls under the category of rehabilitation work: "Sensitive upgrading of <br />mechanical, electrical, and plumbing systems and other code -required work to make the <br />property functional is appropriate within a rehabilitation project." <br />FLEXIBLE GRANT: $5,000 (MAXIMUM) <br />Focused Grant <br />The proposed insulation work is also eligible for funding through the focused grant <br />category. "Grants specified in this section may only be used for preservation and/or <br />restoration projects. These projects include measures directed towards sustaining the <br />existing form, integrity, and materials of a historic property." (Res. No. 2, Series 2012) <br />Focused grants require a 100% match from the applicant. <br />FOCUSED GRANT: $157.50 (WITH REQUIRED $157.50 MATCH FROM <br />APPLICANT) <br />FISCAL IMPACT: <br />Approval of the grant request allows for a grant of up to $5,157.50 from the Historic <br />Preservation Fund: a $5,000 flexible grant (unmatched), and a $157.50 focused grant <br />(matching). <br />The fiscal impact to the HPF is an expenditure $5,157.50. The current balance of the <br />Historic Preservation Fund as of 07/31/2019 is approximately $2,312,787. Budgeted <br />expenditures from the HPF for 2019 are estimated to be $549,270. <br />STAFF RECOMMENDATION: <br />The grant request meets the requirements specified under Resolution No. 2, Series <br />2012, and addresses the recommendations in the Historic Structure Assessment. Staff <br />recommends approval of Resolution No. 01, Series 2019, approving a grant for <br />$5,157.50 for the Harney House. <br />ATTACHMENTS: <br />1. Resolution No. 01, Series 2019 <br />2. Historic Preservation Application <br />3. Historic Structure Assessment <br />