HomeMy WebLinkAbout10893RESOLUTION NO. 10893
A RESOLUTION OF THE CITY OF PUEBLO DECLINING TO ACT AS A REVIEWING ENTITY
FOR THE STATE INCOME TAX CREDIT PROGRAM FOR QUALIFYING REHABILITATION
PROJECTS UNDER COLORADO HOUSE BILL 90 -1033 (C.R.S. §39 -22 -514, AS AMENDED)
WHEREAS, Colorado House Bill 90 -1033 (C.R.S. § 39 -22 -514, as amended) was signed
unto law April 20,1990, establishing tax credits for historic structures throughout the state; and
WHEREAS, the City of Pueblo, 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 as defined by C.R.S. § 39 -22 -514 (12) (1); 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
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PUEBLO, that:
The City of Pueblo hereby declines to act as a reviewing entity for the purposes of
subsections (3) and (6) of C. R.S. § 39 -22 -514 for calendar year 2007. The City will not maintain a
"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.
INTRODUCED December 26, 2006
BY Randy Thurston
Councilperson
APPROVED:
President of Cit Council
ATTESTED BY:
CITY CLERK
rM #/019
ID 0
Background Paper for Proposed
RESOLUTION
AGENDA ITEM # -
DATE: DECEMBER 26, 2006
DEPARTMENT: COMMUNITY DEVELOPMENT /JIM MUNCH
PLANNING DEPARTMENT /JIM MUNCH
TITLE
A RESOLUTION OF THE CITY OF PUEBLO DECLINING TO ACT AS A REVIEWING
ENTITY FOR THE STATE INCOME TAX CREDIT PROGRAM FOR QUALIFYING
REHABILITATION PROJECTS UNDER COLORADO HOUSE BILL 90 -1033 (C.R.S.
§39 -22 -514, AS AMENDED)
ISSUE
Should the City Council approve a resolution declining to act as the reviewing entity for
the state historic preservation income tax credit program?
Approve the resolution
BACKGROUND
C.R.S. §39 -22 -514 (10) (a) requires that each Colorado Historical Society 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. This
optional responsibility was declined in the City's Certified Local Government agreement
with the Colorado Historical Society, adopted in November 2005, and simply needs to
be reaffirmed annually. Declining this role will not impact the eligibility of landmark
property owners for approval of historic preservation tax credits.
FINANCIAL IMPACT
No financial impact.