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HomeMy WebLinkAboutResolution 4387 FINAL, Historic Tax Abatement for Nute, 308 South Tracy Avenue Y COMMISSION RESOLUTION NO. 4387 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, ABATING ONE HUNDRED PERCENT OF THE INCREASE IN TAXES FOR A PERIOD OF TWELVE CONSTRUCTION MONTHS AND FIVE YEARS TO ROBERT AND JOANNA NUTE FOR THE PROPERTY AT 308 SOUTH TRACY AVENUE AS AUTHORIZED BY S15-24- 1601 MONTANA ANNOTATED ET SEQ. FOR HISTORIC RESIDENTIAL AND COMMERICAL PROPERTIES UNDERGOING REHABILITATION, RESTORIATION, EXPANSION OR NEW CONSTRUCTION MEETING THE CRITERIA ESTABLISHED BY S15-24-1605 AND/OR 15-26-1606, AS WELL AS CITY COMMISSION OF THE CITY OF BOZEMAN, MONTANA, RESOLUTION 2766. WHEREAS, The City Commission determines that it is in the public's interest to encourage the preservation, restoration, rehabilitation and reconstruction of certified historic, commercial and residential properties or new construction that meets design review criteria compatible with an historic district by conferring said tax benefits on improvements from those preservations, restorations, rehabilitations and reconstructions involving certified historic properties and districts; and, WHEREAS,the City of Bozeman received a request for tax abatement for historic preservation from Robert and Joanna Nute for the rehabilitation, restoration and expansion of the residence at 308 South Tracy Avenue,Bozeman, Gallatin County, Montana, and; WHEREAS, the Montana Historical and Architectural Inventory indicates the property at 308 South Tracy Avenue contributes to the South Tracy/ South Black Avenue Historic District on the National Register of Historic Places;and, WHEREAS, the restoration and expansion of the property received a Certificate of Appropriateness from the City of Bozeman's Department of Planning and Community Development on May 10, 2011; and WHERAS, the Historic Preservation Officer reviewed the application for tax abatement for 1 of 2 historic preservation under 15-24-1601 Montana Code Annotated and City Commission of the City of Bozeman Resolution number 2766, as well as the Secretary of the Interior's Standards for Historic Preservation and requirements for federal tax credits for historic preservation, and found the nature of the preservation, restoration, rehabilitation and reconstruction and expansion to be in keeping with all ten of the Secretary of the Interior's Standards for Historic Preservation, and voted to advise the City Commission approve the tax abatement requested; and NOW, THEREFORE, BE IT RESOLVED by the City Commission of the City of Bozeman, Montana, does hereby approve the tax benefits set forth in said statutes for those improvements made through preservation, restoration, rehabilitation and reconstruction of the property at 308 South Tracy Avenue, a property which contributes to the South Tracy/ South Black Avenue Historic District on the National Register of Historic Places, for a period of twelve construction months and five years. PASSED AND APPROVED by the City Commission of the City of Bozeman, Montana, at a regular session thereof held on the 9"' day of July, 2012. SEAN A. BECKER Mayor ATTEST: sc�w STA Y L EN, CMC City Cler APPROVED AS TO FORM: R SULLIVAN City Attorney 1 of 2