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SUBJECT: RESOLUTION NO. 35, SERIES 2011 — A RESOLUTION APPROVING A <br />PRESERVATION AND RESTORATION GRANT TO ALLOW FOR EXTERIOR <br />PAINTING FOR THE ADKINS HOUSE LOCATED AT 816 MCKINLEYAVENUE <br />DATE: JULY 5, 2011 <br />improvements <br />a <br />2011 HPF Budget Total $601,726 <br />Grants requested Incentive Restoration 2011 HPF Budget <br />2010. Grant " Grant Other Grant Remaining <br />557 Jefferson Avenue $1,000 $2,603 <br />1117 Jefferson Avenue $1,000 <br />1131 Jefferson Avenue $1,000 $7,719 <br />1109 Jefferson Avenue $1,000 $21,481 <br />816 McKinley Avenue $1,000 <br />501 South Street $1,000 $12,702 <br />Grain Elevator HAS $38,096 <br />Jefferson Place Survey $21,000 <br />Grants Requested <br />2011 <br />817 Main Street $62,573 <br />1131 Jefferson Avenue $9,084 <br />1131 Jefferson - HSA $1,200 <br />816 McKinley Avenue $4,920 <br />Total spent $181,378 $420,348 <br />Bold / Italics = Not yet approved by City Council <br />Last updated - 5/10/11 <br />RECOMMENDATION: <br />Paint is an essential element in protecting and preserving historical homes as well as keeping <br />up. the appearance of the structure. The applicant has met with three professional painting <br />contractors, all experienced in painting historical homes. <br />Following the meetings the applicant has chosen to go with Precision Painting, a painting <br />contractor located in Northglenn. The applicant believes this contractor will provide the most <br />attention to detail and will provide the best results for the money. <br />Staff has reviewed the attached invoice and believes the $4,100 cost for the proposed <br />is consistent with industry standards. Staff also recommends the approval of <br />20% contingency for "discoveries ". The contingency is only to be used if approved by staff <br />upon inspection of the discovery. A 20% contingency would increase the grant amount by <br />$820. Therefore, staff recommends approval of the $4,920 grant request as presented. <br />16 <br />