Historic Preservation Commission Agenda and Packet 2024 02 12

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Historic Preservation Commission Meeting Minutes October 16, 2023 Page 10 of 13 Dalia moved to deny the new construction grant, and was seconded by Burg. Motion was adopted by a vote of 7 to 0. c. 1045 Front — Landmark, Alteration Certificate, and Grant Request Request for landmark, alteration certificate, and grant request. Meets criteria for age, architectural significance, social significance as a long time woman owned property among others, and physical integrity. Alteration request covers siding and window restoration, to differentiate the 1990s addition, and to rebuild the existing porch. Staff Findings Staff found that the property met the grant criteria, however they also found that the professional management did not qualify for extraordinary circumstances. Staff found that the foundation, sidings and walls, asbestos abatement, and windows all met the extraordinary circumstances criteria. Staff Recommendation Staff recommended approval of Resolutions $132,000. 14, 15 and 16, Series 2023 to the amount of Commissioner Questions of Staff Dunlap said that he recalled the HSA saying that the HVAC was in good condition, but it was listed as needing to be replaced under extraordinary circumstances. Brackett Hogstad clarified that the HVAC system was not part of the extraordinary circumstances request. She added that the extraordinary circumstances were for the foundation, sidings, wall structure, insulation, asbestos, and windows. Beauchamp asked about the inspection of the rear and exterior crawlspaces. Brackett Hogstad deferred to the applicant. Dalia asked whether Brackett Hogstad could explain the math behind the line items and their applicable extraordinary circumstances, particularly with relation to the foundation. Brackett Hogstad said that the HSA described the need to redo the foundation as being necessary to ensure the structural integrity of the home. Regarding the math, she said that all of the line items were matching funds, with the grant covering up to $40,000, and that the extraordinary circumstances would relate to any amount above that. She added that the numbers may not add up as the grant would not cover anything above the $40,000. Burg asked about the funding mechanisms for the grant, and how a loan would work. Brackett Hogstad said that the loans ran at 2% below the market rate with a 20 year term, and that approval of the loan is determined by whether it meets the preservation, restoration and rehabilitation criteria, and then on financial criteria set out by the loan servicer. She said that there was no cap on size of the loans, but noted that approval was not guaranteed. She added that the Commission could consider changing some of the grant amount to a loan.