Title
Conduct a Public Hearing to Consider/Discuss/Act on the Request by Jim and Eileen Ryan for Approval of a Level 1 Historic Neighborhood Improvement Zone Tax Exemption for the House Located at 615 West Lamar Street.
Summary
MEETING DATE: January 11, 2012
DEPARTMENT: Planning/Historic Preservation
CONTACT: Guy R. Giersch, Historic Preservation Officer
Kevin Spath, AICP, Assistant Director of Planning
STAFF RECOMMENDATION: Staff is recommending approval of the Level 1 tax exemption for 615 West Lamar Street.
PRIORITY RATING: The property is listed as a medium priority building according to the 1985 Historic Resource Survey. A medium priority building contributes to local history or broader historical patterns, but alterations have diminished its integrity.
ITEM SUMMARY: With an associated agenda item, the applicant is requesting approval of a Level 1 Historic Marker. If the Historic Preservation Advisory Board (HPAB) approves the applicants’ request for a Level 1 Historic Marker, then, under Ordinance 2008-04-030, the applicants are requesting the HPAB to consider their application for a Level 1 tax exemption (100% exemption of the City’s ad valorem taxes for a period of 15 years).
ASSESSMENT: Staff has inspected the house to confirm that the building has architectural integrity and has been properly rehabilitated/restored and maintained according to the Secretary of the Interior’s Standards.
In Staff’s assessment, the applicants have met the requirements to obtain a tax exemption under Level 1 of the Historic Neighborhood Improvement Zone Tax Exemption Program. Therefore, Staff is recommending approval of the Level 1 tax exemption for 615 West Lamar Street.