Historic Preservation Commission Agenda and Packet 2023 06 26

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Historic Preservation Commission Meeting Minutes May 15, 2023 Page 3of5 Staff Recommendation — Alteration Certificate: Staff recommends approval of Resolution No. 2, Series 2023, approving the Alteration Certificate. Staff Presentation — Grant: Brackett Hogstad says the applicant is requesting approval of a Preservation and Restoration Grant. The total grant request is $51,974 and the grant would be matching. The reimbursement request timeline is within five years. Staff finds that the grant request meets all criteria. She then shows Resolution No. 17, Series 2019 Table 1 and Table 2. Staff Recommendation — Grant: Staff recommends approval of Resolution No. 3, Series 2023, recommending approval of the grant request in the amount of $51,974. Staff Presentation — Loan: Brackett Hogstad says the applicant is requesting approval of a loan. The total request is $51,974 with an interest rate of 5.75%. Staff finds that the grant request meets all criteria. The grant criteria is as follows: Current amount of funds in the HPF and the needs of other projects; • Over $2M total unencumbered balance • Loan Program • 1 outstanding, 1 complete • Portfolio balance: $89,579.22 • Started in 2014 The necessity of the work to be performed for the preservation or rehabilitation of the structure and how the proposed work fits into the overall preservation plan for the structure; • Request covers the matching portion of the requested grant. The availability of other funding sources. • Loan qualification process through Impact Development Fund (IDF) Staff Recommendation — Loan: Staff recommends approval of Resolution No. 4, Series 2023, recommending approval of the loan request in the amount of $51,974. Commissioner Questions of Staff.- Dalia asks if there a max or minimum amount for the loan. Brackett Hogstad says there is no max. Applicant Presentation: Gordon Madonna, 929 Parkview St