HomeMy WebLinkAbout1027 - AUTHORIZING the Boulder City Council to act as a reviewing entity duties as a reviewing entity for the State of Colorado income tax credit program for qualified costsRESOLUTION NO. 1027
A RESOLUTION OF THE BOULDER CITY COUNCIL AGREEING 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 Landmarks Preservation Advisory Board 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-] 033 (GR.S. § 39-22-514, as amended) was signed unto law April
20, 1990, establishing tax credits for historic properties throughout the state; and
WHEREAS, Boulder, as a Certified Local Govemment since 1985, 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 L,ocal 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 Landmarks Preservation Advisory Board, as the City of Soulder'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 BOULDER,
COLORADO:
The City of Boulder, through the Landmarks Preservation Advisory Board, hereby agrees to act as a
reviewing entity 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 hist9us.ureservation.
this 4th day of December, 2007.
ATTEST: ~
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City Clerk