City Council Minutes 2009 06 02 - Laserfiche WebLink

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City Council Meeting Minutes June 2, 2009 Page 4 of 17 administration of the Historic Preservation Funds, as well as establishes requirements and procedures for the funding of incentives for historic preservation purposes. · Section 1 - Stipulates the HPC recommendation for expenditures, but final action taken by City Council; the HPC annual statement of goals and recommendations regarding the funds to City Council with modifications or update throughout the year; the funds shall be open to donations from other entities and individuals and those funds are subject to the same regulations; earning from the HPF shall be deposited back into the fund and the funds shall be divided into four categories: 1) Administrative; 2) Incentives for Historic Preservation, 3) to Preserve Character, and 4) New Construction; acquisition; and Contingency/Emergency Reserve. · Section 2 - Administrative Funding shall include, but not be limited to: Historical building surveys, other site surveys or reconnaissance-level or intensive-level historic and architectural surveys; Staff support to HPC and City activities in administering programs funded by the tax, including but not limited to interns, preservation planners, staff to conduct research for HPC demolition review functions and to assist vendors in conducting historic preservation survey and other support staff; plaques or other designations to honor structures landmarked or which add to the character of historic Old Town; public outreach and education efforts; and fund of public-private partnerships for preservation of historic buildings. · Section 3 - Incentives funding shall be applied for and given on a voluntary basis; fund shall include but not be limited to grants; low-interest loans; rebates of City taxes or fees. New structures may also quality for incentives to preserve the character of historic Old Town Louisville. To be considered for incentive funding, the owner must complete an application and submit it to the HPC. Applications will be reviewed by Staff, followed by a recommendation to the HPC. The HPC will then make recommendation to City Council. Incentives are subject to the discretion of City Council. The HPC recommends 50% of the 2009 funds be allocated for residential projects. Alternatively, 1/3 split each for residential, commercial and new construction incentives. . Section 3 - Acquisitions funding shall include, but not be limited to the following: The purchase of historic properties or properties, which contribute to the character of historic Old Town Louisville and if eligible shall be landmarked. If not eligible, there shall be a conservation easement placed on the property. The City may perform any restoration or rehabilitation work necessary on properties the City acquires.