774-01 Create Historical Preservation Board – Regulate Preservation/grants

Browse Search

• y[� ,,r 18 d. in the case of proposed demolition, an estimate from an architect, developer, licensed contractor, appraiser, or real estate consultant as to the economic feasibility of rehabilitation or reuse of the existing structure on the property. e. the means by which the property was acquired (whether purchase, gift, or inheritance), the amount paid for the property and the date of purchase or acquisition. For income-producing property, the Board may also require the following additional information: f. the annual gross income from the property for the previous two years; and depreciation deduction and annual cash flow before and after debt service, if any, during the same period. g. the remaining balance on any mortgage or other financing secured by the property and annual debt service, if any, for the previous two years. h. all appraisals obtained within the previous two years in connection with the purchase, financing or ownership of the property. i. any listing of the property for sale or rent, the price asked, and any offers received within the previous two years. j. the assessed value of the property according to the two most recent assessments. k. real estate taxes paid no the property for the previous two years. 1. the ownership of the property, whether sole proprietorship, for profit or not-for-profit corporation, limited partnership, joint venture or other. m. any other information, including the income tax bracket of the owner, applicant, or principal investors in the property, considered necessary by the Board to determine whether the property does nor may yield a reasonable return to the owners. 9. Demolition by Government Agencies: Government agencies having the authority to demolish unsafe buildings shall receive notice of designation of Historic Properties and Historic Districts. The Board shall be deemed an interested party and shall be entitled to receive notice of any public hearings conducted by said government agency regarding demolition of any designated property. The Board may make recommendations and suggestions to the government agency and the owner(s) relative to the feasibility of and the public interest in preserving the designated property. 10. Failure to Decide: Failure of the Board to decide on an applied for Certificate of Appropriateness within the set time limit shall constitute approval of the application. 11. Required Maintenance: Owners of Historic Properties and contributing_ resources within Historic Districts shall not allow their buildings to deteriorate by failing to provide ordinary maintenance or repair.