Title
Special Tax Valuation for the Sandberg House at 208 Percival St NW
Recommended Action
Move to accept the Heritage Review Committee recommendation and recommend to City Council for final approval.
Report
Issue:
Whether to accept the recommendation of the Heritage Review Committee made on October 14, 2024 and recommend the Special Tax Valuation application to City Council for final approval.
Staff Contact:
Brittany Gillia, Historic Preservation Officer, Community Planning & Development, 360.753.8427
Presenter(s):
Commissioner Garner Miller, Chair, Heritage Review Committee
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 verify the stated expenses and establish the exact total of qualified rehabilitation expenditures (TQRE).
The Heritage Review Committee met on site to tour the property on October 14, 2024 and verified that:
* The completed rehabilitation work meets the US Secr...
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