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HomeMy WebLinkAbout137 - 10/17/2000 - REPEALING ORDINANCE NO. 024, 1996, AND AMENDING THE CITY CODE TO ESTABLISH THE LANDMARK REHABILITATI ORDINANCE NO. 137, 2000 OF THE COUNCIL OF THE CITY OF FORT COLLINS REPEALING ORDINANCE NO. 24, 1996, AND AMENDING CHAPTER 14 OF THE CODE OF THE CITY OF FORT COLLINS TO ESTABLISH THE LANDMARK REHABILITATION LOAN PROGRAM WHEREAS,the Community Goals section of City Plan,(the"Comprehensive Plan"),states that historic buildings and districts will be preserved and protected; and WHEREAS,on August 21, 1990,the City Council adopted Resolution 90-104,directing the Landmark Preservation Commission (the "LPC") and City staff to prepare for subsequent presentation to the City Council a process and criteria for evaluating historic buildings and a procedural mechanism for effecting the preservation of these structures; and WHEREAS, on November 16, 1993, the Council adopted Resolution 93-171 adopting for incorporation into the Comprehensive Plan an Historic Resources Preservation Plan (the "Plan"); and WHEREAS, the Council established a Landmark Rehabilitation Grant Program as an ongoing project of the City of Fort Collins pursuant to Ordinance No.24, 1996,which ordinance was subsequently amended by the Council pursuant to Ordinance No. 129, 1997; and WHEREAS, upon recommendation of the LPC, the City Council has determined that it is in the best interests of the City to establish a revolving loan program to replace the grant program that was established pursuant to Ordinance No. 24, 1996, in order to enable the City to participate in increased numbers of rehabilitation projects by gaining the maximum return on investment through loans rather than grants; and WHEREAS, an important element of the Comprehensive Plan is the establishment of a Revolving Loan Fund, which would enable the City to offer financial support for the preservation of historic structures within the City; and WHEREAS,the City Council believes that the establishment of such a program,to be known as the "Landmark Rehabilitation Loan Program," would be in the best interests of the City. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That Ordinance No. 24, 1996, as amended pursuant to Ordinance No. 129, 1997, be, and hereby is repealed. Section 2. That Chapter 14 of the Code of the City of Fort Collins be amended by the addition of a new Article V to read as follows: ARTICLE V. LANDMARK REHABILITATION LOAN PROGRAM Sec. 14-81. Purpose. The City Council hereby establishes a landmark rehabilitation loan program and finds that the program promotes a valid public purpose of increasing the quality, integrity and permanence of the city's stock of historic landmarks for the enjoyment and benefit of present and future generations of citizens of the city by making available to the owners of locally designated landmarks or contributing structures in local landmark districts a source of funding for exterior rehabilitation of such structures. Sec. 14-82. Establishment; funding. The City Manager shall administer the program for awarding zero-interest loans for the rehabilitation of local landmark structures and/or contributing structures in local landmark districts. The City Manager may promulgate procedural rules and regulations for the efficient administration of the program. No such loan shall exceed the sum of five thousand dollars ($5,000.) unless the City Council, by ordinance or resolution, authorizes a larger loan. All loans shall be funded solely from those funds held by the city for financial support of the program in the General Fund, and all loans shall be expressly contingent upon the availability of sufficient funds to support the loan. Loan recipients shall,as a condition of obtaining the loan, agree to repay the loan in full upon sale or transfer of the property. All loan repayments shall be returned to the landmark rehabilitation loan program. Sec. 14-83. Criteria. No landmark rehabilitation loan shall be awarded unless the following criteria and requirements have been met: (1) The subject structure must have been designated as a local landmark or be a contributing structure in a local landmark district pursuant to this Chapter before the landmark rehabilitation loan can be awarded. (2) All loan recipients shall provide matching funds in an amount equal to or greater than the amount of the loan. (3) The matching funds provided by the loan recipient may be utilized only for exterior rehabilitation of the subject property and/or the stabilization of the structure, the rehabilitation of electrical, heating, or plumbing systems, and/or the rehabilitation or installation of fire sprinkling systems in commercial structures. Neither the loan nor the matching funds shall be used for the installation of nor rehabilitation of signage or interior rehabilitation or decoration,nor the installation of building additions or the addition of architectural or decorative elements which are not part of the landmarked structure. (4) Loan funds may be expended only for rehabilitation of the exterior of a locally designated landmark structure or contributing structure in a local landmark district. No interior improvements may be purchased utilizing city loan funds. (5) The standards and/or guidelines of the city and the United States Secretary of the Interior for the preservation, reconstruction, restoration or rehabilitation of historic resources then in effect shall serve as the standards by which all rehabilitation work must be performed. (6) No loan funds shall be disbursed until after the recipient has completed the work, the work has been physically inspected by the city and has been approved by the City Manager and the loan recipient has documented the cost of the work by submitting to the city copies of all bills, invoices,work orders and/or such other documentation showing,to the satisfaction of the city, that the funds requested are reasonable and are supported by actual proof of expense. (7) Loan recipients shall, as a condition of the loan, prominently place a sign upon the property being rehabilitated stating that such rehabilitation has been funded, in part, through the city's landmark rehabilitation loan program. (8) Property owners who have previously received loans shall be eligible for subsequentloans. (9) All rehabilitation work shall be completed within one(1)year from the date upon which the loan was awarded; provided, however, that upon application and a showing of good cause as to why the project cannot be timely completed,the Landmark Preservation Commission may authorize an extension of up to one (1) additional year for completion of the work. (10) No landmark rehabilitation loan shall be awarded unless the Landmark Preservation Commission (or in cases of loans exceeding the maximum amounts established herein, the City Council) first determines that: (a) The applicant has demonstrated an effort to return the structure to its original appearance; (b) It is in the best interests of the public welfare that the structure proposed to be rehabilitated be preserved for future generations;and (c) The amount proposed to be spent on exterior rehabilitation is reasonable under the circumstances. (11) No landmark rehabilitation loan shall be awarded unless the loan recipient has, as a condition of obtaining the loan, agreed to repay the loan in full upon sale or transfer of the property. Sec. 14-84. Application; awards. The City Manager shall establish the application deadline for each year that the program is administered, which deadline shall be not sooner than sixty (60) days from the date that it was established by the City Manager. Applications received after the application deadline will not be considered. Notification of loan awards shall be made by mail on or before the first day of March. Introduced, considered favorably on first reading, and ordered published this 3rd day of October, A.D. and to be presented for final passage on the 17th day of October, A.D. 2000. Mayor ATTEST: City Clerk Passed and adopted on final reading this 17th day of OcZ-e � 00. Mayor ATTEST: , City Clerk QS