HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 11/16/2004 - RESOLUTION 2004-127 STATING THE CITYS INTENT TO NO ITEM NUMBER: 27
AGENDA ITEM SUMMARY DATE: November16, 2004
FORT COLLINS CITY COUNCIL STAFF: Carol Tunner
SUBJECT
Resolution 2004-127 Stating the City's Intent to Not Act as a Reviewing Entity in 2005 for the
Colorado Historic Preservation Income Tax Credit for Qualifying Historic Rehabilitation
Projects.
RECOMMENDATION
The Landmark Preservation Commission and staff 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 did not 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. The Commission has declined the review from 1998 through 2004.
On September 22, 2004, at a regular meeting, 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 2005. The basis for this
recommendation 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. Second, 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
City staff believe that the "costs" outweigh the "benefits" of continuing to assume the review
authority.
The reviewing entity function will still be performed by the Colorado Historical Society staff for
the 2005 calendar year and the program will still be available to Fort Collins' citizens.
RESOLUTION 2004-127
OF THE COUNCIL OF THE CITY OF FORT COLLINS
STATING THE CITY'S INTENT TO NOT ACT AS A REVIEWING ENTITY IN 2005
FOR THE COLORADO HISTORIC PRESERVATION INCOME TAX CREDIT
FOR QUALIFYING HISTORIC REHABILITATION PROJECTS
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,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 (12) months; and
WHEREAS, the Fort Collins Landmark Preservation Commission, as the City of Fort
Collins'official review board for historic resources,has recommended declining the reviewing entity
function for the Colorado Historic Preservation Income Tax Credit and keeping this function with
the Colorado Historical Society for the calendar year 2005.
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 2005.
Passed and adopted at a regular meeting of the Council of the City of Fort Collins held this
16th day of November, A.D. 2004.
Mayor
ATTEST:
City Clerk