HomeMy WebLinkAbout873 - ASSUMING duties as a reviewing entity for the State of Colorado income tax credit for qualifie6 :~~ / a °s:~~
RESOLUTION No. 873
A RESOLUTION OF THE BOULDER CITY COUNCIL DECLARING THAT
THE CITY OF BOULDER AGREES TO ASSUME THE DUTIES OF
REVIEWING ENTITY FOR THE STATE OF COLORADO INCOME TAX
CREDIT FOR QUALIFIED COSTS INCURR~D IN THE PRESERVATION OF
HISTORIC PROPERTIES.
WHEREAS, CRS 39-22-514, as amended, provides for rehabilitation tax credits for qualified
historic str~ictures throughout the state,
WHEREAS, this is a major incentive for the rehabilitation, designation and protection of historic
properties in Colorado and Boulder,
WHEREA5, eligible properties inchide properties designated as landmarks or contributing to the
historic character of a l~istoric district by a certified local government (CLG),
WHEREAS, local landmarks as well as contributing structures in the locally designated historic
districts and the federally designated national regisYer hisYoric districts are eligible for the
rehabilitation taac credit, and
WHEREAS, the City of Boulder, as a certified local government since 1985, pursuant to the
provisions of 16 U.S.C. Sec. 470a(c)(1), as amended, is eligible to review such rehabilitation tax
credit projects as a reviewing enYity as defined by CRS 39-22-514(12)(I).
NOW, THEREFORE, be it resolved by the Boulder City Council that it agrees to act as the
reviewing entity far the Colorado historic rehabilitation tax credit for calendar year 2001.
INTRODUCED, READ, PASSED, AND ADOPTED this 19th day of December, 2000.
Attest:
~ M ayor
C-\; Z~ ` /~.
Directar of Finance and Record
Ex-officio City Clerk
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