Title
Recommend Approval of Special Tax Valuation for the Sandberg House at 208 Percival St NW
Recommended Action
Move to recommend that the subject property be approved for Special Property Tax Valuation by the Olympia Heritage Commission.
Report
Issue:
Whether to recommend to the Heritage Commission that the subject property be approved for Special Valuation based on completion of rehabilitation work to meet applicable standards, i.e., "the rehabilitation upon which the application is based has not altered or in any way adversely affected those elements of the property which qualify it as historically significant". (OMC 3.60.020C)
Staff Contact:
Brittany Gillia, Historic Preservation Officer, Community Planning & Development, 360.753.8427
Presenter(s):
Brittany Gillia, Historic Preservation Officer
Kassie Koledin, Property Owner
Background and Analysis:
On September 27, 2024, the City of Olympia received an Application and Certification of Special Valuation for Improvements to a Historic Property from the owner of the Sandberg House at 208 Percival St NW. This property is individually listed on the Olympia Heritage Register.
The Historic Preservation Officer has confirmed that the subject property meets basic program eligibility criteria for Special Valuation:
* Historic home individually registered on the Olympia Heritage Register (on March 27, 2023);
* Application filed no later than two (2) years after beginning the work; and
* Per applicant's documentation, expenditures total at least 25% of the assessed value of the property, exclusive of land value, prior to the rehabilitation and meet eligible expenses criteria.
o The assessed value of the structure prior to rehabilitation was: $386,700.00
o 25% of this is $96,675.00
o The approved rehabilitation costs are $118,956.76
o The costs were verified by receipts submitted by the owner.
The Historic Preservation Officer has reviewed expenses and payment documentation with the property owner to verif...
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