Title
Heritage Review Committee- Review of Special Tax Valuation Application for the Evergreen Inn
Recommended Action
Move to recommend Heritage Commission approval to support Special Tax Valuation for the Evergreen Inn located at 2402 Lakeridge Way SW.
Report
Issue:
To evaluate if the Special Tax Valuation project for the Evergreen Inn meets the Secretary of Interior Standards and should be recommended for approval to the Olympia Heritage Commission and subsequently the Olympia City Council.
Staff Contact:
Brittany Gillia, Historic Preservation Officer, Community Development, 360.753.8427
Presenter(s):
Amie Gutierrez, Historic Tax Credits Manager, Ryan LLC
Background and Analysis:
The City of Olympia has received an application (Attachment 1) to request Special Tax Valuation for the property located at 2402 Lakeridge Way. The applicant is Amie Gutierrez with Ryan LLC, a tax firm hired by the property owner, Olympia 196 LLC, to pursue a listing on the local Heritage Register and a subsequent request for Special Tax Valuation with the City. The subject property has recently undergone an adaptive reuse to convert the 196-room conference hotel into 196 market-rate studio units and is requesting Special Valuation for the rehabilitation costs incurred as part of the project scope. The total dollar amount shown in Attachment 1 has been amended to include additional expenses that were found to be eligible. Before and after photos are available as Attachment 2, and the scope of work statement is included as Attachment 3.
This property is pursuing listing on the local Heritage Register concurrently and the granting of Special Valuation in this calendar year is contingent upon Heritage Register listing approval.
The purpose of the committee’s site visit is to review the completed improvements, determine if the work is consistent with the US Secretary of the Interior’s standards for Rehabilitation, and affirm that the rehabilitation upon which the application is based h...
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