HomeMy WebLinkAbout2008-129-12/16/2008-AGREEING TO ACT AS A REVIEWING ENTITY FOR COMMERCIAL, NON-PROFIT, AND INCOME-PRODUCING RESIDENTIAL P RESOLUTION 2008-129
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AGREEING TO ACT AS A REVIEWING ENTITY FOR COMMERCIAL,
NON-PROFIT, AND INCOME-PRODUCING RESIDENTIAL 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, 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 a resolution stating whether such Certified Local Government will act as a
reviewing entity; and
WHEREAS, the Fort Collins Landmark Preservation Commission, as the City's 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, 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 2009 and continuing
through such subsequent years as the City Council may authorize. 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 C cil of the City of Fort Collins is 16th
day of December A.D. 2008.
Mayor
ATTEST:
City Clerk