HomeMy WebLinkAbout1047 - ACCEPTING responsibility to act as a reviewing entity for the state income tax credit program for qualifying rehabilitation projects under Colorado House Bill 90-1033 RESOLUTION NO. 1047
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 Board and the City Council support the creation of incentives to assist in
the preservation and protection of historically significant resources; and
WHEREAS, C.R.S. § 39-22-514, as amended establishes tax credits for historic properties throughout
the state; and.
WHEREAS, Boulder, as a Certified Local Government 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 Local
Govemment adopt a resolution stating whether such Certified Local Govemment will act as a
reviewing entity; and
WHEREAS, the Landmarks Board, as the City of Boulder'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 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 2009 and all subsequent
years. 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 pres anon.
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INTRODUCED, READ, S AD t)?3~d day f December, 2008.
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Mayor
ATTEST:
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City Clerk