HomeMy WebLinkAbout1996-150-12/17/1996-1997 PROJECTS CREDIT PROGRAM HISTORIC REHABILITATION STATE INCOME TAX RESOLUTION 96-150
OF THE CITY COUNCIL OF THE CITY OF FORT COLLINS
COMMITTING TO ACT AS A REVIEWING ENTITY FOR THE
STATE INCOME TAX CREDIT PROGRAM FOR QUALIFYING
HISTORIC REHABILITATION PROJECTS FOR 1997
WHEREAS, the Fort Collins Landmark Preservation Commission ("Commission") and the
City Council support the creation of incentives to assist in the preservation of historically significant
resources; and
WHEREAS, the City Council has determined that such preservation serves an important
public purpose for the citizens of the City; and
WHEREAS, §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), as amended, is eligible to review such rehabilitation tax credit projects
as a reviewing entity as defined by §39-22-514(10)(a), C.R.S.; and
WHEREAS, the Commission, as the City of Fort Collins' official review board for historic
resources, has recommended to the City Council that such resolution be adopted; and
WHEREAS, §39-22-514(3)(a)(I)provides for an initial application fee of Two Hundred Fifty
Dollars ($250) (the "Application Fee") to be paid to the City for processing applications for such
rehabilitation tax credit projects; and
WHEREAS,the Commission has recommended that, in order to more effectively encourage
the preservation of historically significant resources, the Application Fee should be waived by the
City for properties designated as local landmarks.
NOW, THEREFORE, be it resolved by the City Council of the City of Fort Collins as
follows:
Section 1. That the City of Fort Collins, through the Fort Collins Landmark Preservation
Commission, hereby commits to act as a"reviewing entity" for the purposes of subsections (3) and
(6) of §39-22-514, C.R.S., for calendar year 1997.
Section 2. That the City will maintain a "preservation fund" as required by §39-22-
514(11)(b)(I), C.R.S., utilizing the project application fees to administer the program and to provide
information and education to the community within the context of historic preservation.
Section 3. That the Two Hundred Fifty Dollar ($250) Application Fee established in §39-
22-514(3)(a)(I) shall be waived for properties designated as local landmarks.
Passed and adopted at a regular meeting of the City Council-4-the City of For�k.EAns held
this 17th day of December, A.D. 1996.
ayor
ATTEST:
.➢I�1
City Clerk