HomeMy WebLinkAbout1994-214-12/20/1994-HISTORIC REHABILITATION LANDMARK PRESERVATION REVIEWING ENTITY STATE INCOME TAX CREDIT RESOLUTION 94-214
OF THE COUNCIL OF THE CITY OF FORT COLLINS,
COMMITTING THE CITY TO ACT AS REVIEWING ENTITY FOR THE
STATE INCOME TAX CREDIT PROGRAM FOR QUALIFYING
HISTORIC REHABILITATION PROJECTS FOR 1995
WHEREAS, the Fort Collins Landmark Preservation Commission (LPC) and the
City Council support the creation of incentives to assist in the preservation of
historically significant resources; and
WHEREAS, Section 39-22-514 of the Colorado Revised Statutes establishes
rehabilitation tax credits for qualified costs incurred in the preservation of
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) , a amended, is eligible to review
such rehabilitation tax credit projects as a reviewing entity as defined by
Section 39-22-514(12) (i) , C.R.S. ; and
WHEREAS, the provisions of Section 39-22-514(10)(a) , C.R.S. , 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 to
the City Council that such resolution be adopted.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS
that the City of Fort Collins, through Fort Collins La- 'mark preservation
Commission, hereby agrees to act as a "reviewing entity" r tl urposes of
subsections (3) and (6) of Section 39-22-514, C.R.S. , for ca]: ,Jar ,.:ar 1995, and
that the City will maintain a "preservation fund" as required by Section 39-22-
514 (11) (b) (I) , C.R.S. , utilizing the project application fees as provided for
in Section 39-22-514(11) (a) , C.R.S. , to administer the program and to provide
information and education to the community within the context of historic
preservation.
Passed and adopted at a regular meeting of the C i of the Ci rt
Collins held this 20th day of December, A.D. 199 .
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ATTEST:
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