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foundation work). The remaining portions of the project may be eligible for loan funding and a <br />new construction grant. Staff would encourage the applicant to explore that option if additional <br />funds are needed to complete the project. <br /> <br />FISCAL IMPACT: <br />Approval of the applicant’s grant request allows for a total grant of up to $122,937 from the <br />Historic Preservation Fund: a $5,000 landmark incentive grant (unmatched), and a $117,937 <br />matching grant. Approval of staff’s grant recommendation would result in a total grant amount of <br />$84,250: a $5,000 landmark incentive grant (unmatched), and a $79,250 matching grant. <br /> <br />The balance of the Historic Preservation fund as of 10/31/2019 was approximately $2,496,113. <br /> <br />STAFF RECOMMENDATION: <br />Landmarking <br />The structure at 925 Jefferson Avenue has maintained its style and form since at least 1950, <br />giving it architectural significance. It is also has social significance due to its association with <br />notable members of the Louisville community. Staff finds that the property is eligible to be <br />landmarked. <br /> <br />Staff recommends that the structure be landmarked by approving Resolution No. 04, Series <br />2020. Staff also recommends that the house be named for the Hamilton Family who owned the <br />property from approximately 1891-1956. <br /> <br />Alteration Certificate <br />The proposed changes to the existing structure fail to comply with the requirements of the LMC. <br /> <br />Staff recommends approval of Resolution No. 05, Series 2020 recommending denial of the <br />alteration certificate for 925 Jefferson Avenue. <br /> <br />Grant <br />The grant request includes rehabilitating the existing structure. The proposed changes will <br />facilitate the continued preservation of the structure, and are historically compatible. Staff finds <br />that the proposed foundation work meets the extraordinary circumstances criterion while the <br />remainder of the proposed work is typical of a preservation project. <br /> <br />Staff recommends the HPC recommend approval of a grant request of $84,250 ($5,000 <br />landmark incentive and $79,250 matching grant) by approving Resolution No.06, Series 2020. <br /> <br />ATTACHMENTS: <br />1. Resolution No. 04, Series 2020 <br />2. Resolution No. 05, Series 2020 <br />3. Resolution No. 06, Series 2020 <br />4. Historic Preservation Application <br />5. Social History Report <br />6. Historic Structure Assessment <br />