HomeMy WebLinkAbout11471RESOLUTION NO. 11471
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, the City of Pueblo Historic 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 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
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that:
The City of Pueblo, through the Pueblo Historic Preservation Commission,
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 2009 and all subsequent years. 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 8. 2008
BY Judy Weaver
Councilperson
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # 4
DATE: DECEMBER 8, 2008
DEPARTMENT: PLANNING AND COMMUNITY DEVLOPMENT
JERRY M. PACHECO, DIRECTOR
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?
RECOMMENDATION
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. Declining the
responsibility saves staff time for other work items.
FINANCIAL IMPACT
No financial impact.