HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 11/19/2002 - RESOLUTION 2002-109 STATING THE CITY'S INTENT TO N AGENDA ITEM SUMMARY ITEM NUMBER: 23
FORT COLLINS CITY COUNCIL DATE: November 1.9, 2002FROM
Carol Tunner
SUBJECT :
Resolution 200 -109 Stating the City's Intent to Not Act as a Reviewing Entity in 2003 for the
Colorado Histo is Preservation Income Tax Credit for Qualifying Historic Rehabilitation Projects.
RECOMMENDATION:
The Landmark Preservation Commission and staff recommend adoption of a Resolution by City
Council stating the City's intent to decline acting as reviewing entity in 2003 for the Colorado
Historic Presetation Income Tax Credit for qualifying historic rehabilitation projects under
Colorado Hous Bill 90-1033 (CRS 39-22-514, as amended).
EXECUTIVE SUMM RY:
As a Certified -ocal Government, Fort Collins has the opportunity each year to choose to be a
reviewing entit3 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 it the next year.
Fort Collins bet ame a Certified Local Government in 1991 when the Colorado Income Tax Credit
was instituted,b ut 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. The
iI Commission ha declined the review from 1998 through 2002.
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At its Septembe 25,2002 meeting,the Landmark Preservation Commission discussed this function
and made the d cision to recommend that the City decline the reviewing entity function for the
Colorado Historic Preservation Income Tax Credit in 2003. 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 pri rity local preservation activities. Secondly,the Tax Credit Program contains some
requirements which the City has no control over, yet it has created discord for both the City and
applicants.The andmark Preservation Commission and City staff believe that the"costs"outweigh
the "benefits" o continuing to assume the review authority.
The reviewing antity function will be performed by the Colorado Historical Society staff for the
2003 calendar y-at and the program will still be available to Fort Collins citizens.
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RESOLUTION 2002-109
. OF THE COUNCIL OF THE CITY OF FORT COLLINS, COLORADO,
STATING THE CITY'S INTENT TO NOT ACT AS A REVIEWING
ENTITY IN 2003 FOR THE COLORADO HISTORIC PRESERVATION
INCOME TAX CREDIT FOR QUALIFYING HISTORIC
REHABILITATION PROJECTS
WHEREAS, Colorado Revised Statutes Section 39-22-514 established 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 2003.
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 2003.
Passed and adopted at a regular meeting of the City Council held this 19th day of November,
A.D. 2002.
Mayor
ATTEST:
City Clerk
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