HomeMy WebLinkAbout2007-111-12/18/2007-AGREEING TO ACT AS A REVIEWING ENTITY FOR COMMERCIAL PROPERTIES FOR THE STATE INCOME TAX CREDIT PROG RESOLUTION 2007-111
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AGREEING TO ACT AS A REVIEWING ENTITY FOR
COMMERCIAL PROPERTIES FOR THE STATE INCOME TAX
CREDIT PROGRAM FOR QUALIFYING REHABILITATION PROJECTS
WHEREAS, the Fort Collins Landmark Preservation Commission and the City Council
support the creation of incentives to assist in the preservation and protection of historically
significant resources; and
WHEREAS,Colorado Revised Statute Section 39-22-514 establishes tax credits for historic
structures throughout the state; and
WHEREAS, the City of Fort Collins, as a Certified Local Government, pursuant to the
provisions of 16 U.S.C. § 470 (a)(C)(1), as amended, is eligible to review such rehabilitation tax
credit projects as a reviewing entity; and
WHEREAS, the provisions of C.R.S. § 39-22-514(10)(a) require that each Certified Local
Government adopt annually 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, endorses rehabilitation project reviews at the
local level, which provide an increased level of preservation service to our community.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT COLLINS that the City of Fort Collins, through the Landmark Preservation Commission,
hereby agrees to act as a reviewing entity for commercial properties within the Fort Collins city
limits for the purposes of subsections(3)and(6)of C.R.S. §39-22-514 for calendar year 2008. The
city will maintain the "preservation fund" as required by C.R.S. § 39-22-514(11)(a), for use in
administering 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 Co i o the Cit of Fort Collins 18th
day of December, A.D. 2007. ^
Mayor
ATTEST:
)UL)pk I
City Clerk