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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 . or ATTEST: ✓Lit/ rCletk� rt�