HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/02/2001 - RESOLUTION 2001-5 STATING THE CITY'S INTENT TO NOT AGENDA ITEM SUMMARY ITEM NUMBER: 26
FORT COLLINS CITY COUNCIL DATE: January 2, 2001
FROM: Carol Tunner
SUBJECT:
Resolution 2001-5 Stating the City's Intent to Not Act as a Reviewing Entity in 2001 for the
Colorado Historic Preservation Income Tax Credit for Qualifying Historic Rehabilitation Projects
Under Colorado House Bill 90-1033 (CRS 39-22-514, as amended).
RECOMMENDATION:
Staff and the Landmark Preservation Commission recommend adoption of the Resolution.
EXECUTIVE SUMMARY:
As a Certified Local Government, Fort Collins has the opportunity each year to choose to be a
reviewing entity for the Colorado Historic Preservation Income Tax Credit during the next calendar
year. The City Council must adopt a resolution stating whether or not it intends to take on this
responsibility in the next year.
Fort Collins became a Certified Local Government in 1991 when the Colorado Income Tax Credit
was instituted,but didn't take on the reviewing entity function for this program until 1995. For three
years, the Landmark Preservation Commission was the reviewing entity and performed design
review on qualifying historic rehabilitation projects for the Colorado Income Tax Credit. They
declined the review in 1998, 1999 and 2000.
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On December 13, 2000 the Landmark Preservation Commission discussed this function and made
the decision to recommend that the City decline the reviewing entity function for the Colorado
Historic Preservation Income Tax Credit in 2001. The basis for the recommendation to not act as
reviewing entity for the next year is twofold. First,the demand for staff resources to administer the
State's program has steadily grown as the tax credits have become more popular, and as a result has
taken staff resources away from other, higher priority local preservation activities. Secondly, the
Tax Credit Program contains some requirements which the City has no control over, but yet has
created discord for both the City and applicants. The Landmark Preservation Commission and staff
believe that the "costs" outweigh the "benefits" of continuing to assume the review authority.
The reviewing entity function will be performed by the Colorado Historical Society staff for the
2001 calendar year and the program will still be available to Fort Collins citizens.
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RESOLUTION 2001-5
STATING THE CITY'S INTENT TO NOT ACT AS A REVIEWING ENTITY
FOR THE COLORADO HISTORIC PRESERVATION INCOME TAX CREDIT
FOR QUALIFYING HISTORIC REHABILITATION PROJECTS UNDER
COLORADO HOUSE BILL 90-1033 (CRS 39-22-514, AS AMENDED)
WHEREAS, Colorado House Bill 90-1033 (CRS 39-22-514, as amended) was signed into
law April 20, 1990,establishing rehabilitation tax credits for historic structures throughout the state;
and
WHEREAS, the City of Fort Collins, as a Certified Local Government pursuant to the
provisions of 16 U.S.C.Section 470a(c)(1),as amended,is eligible to review such rehabilitation tax
credit projects as reviewing entity as defined by CRS 39-22-514(12)(1); and
WHEREAS, the provisions of CRS 39-22-514(10)(a) require that each Certified Local
Government must annually adopt a resolution stating whether such Certified Local Government will
act as a reviewing entity during the following twelve months; and
WHEREAS, the Fort Collins Landmark Preservation Commission, as the City of Fort
Collins'official review board for historic resources,has recommended that the City Council decline
to perform the reviewing entity function for the Colorado Historic Preservation Income Tax Credit,
-keeping this function with the Colorado Historical Society for the calendar year 2001.
NOW,THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT
COLLINS,that the City of Fort Collins,hereby declines to act as a reviewing entity for the purposes
of subsections (3) and (6) of CRS 39-22-514 for calendar year 2001.
Mayor
ATTEST:
City Clerk