Title
Special Property Tax Valuation for 1616 Capitol Way South
Recommended Action
Move to recommend for final approval by City Council.
Report
Issue:
The Commission's Heritage Review Committee (HRC) recommends the approval of the application for special valuation submitted by Capitol Historic Properties LLC, owner of the residence at 1616 Capitol Way South. The Commission will consider whether to concur with the HRC recommendation, concur with conditions, or not to concur.
The Commission's recommended action will be forwarded to City Council for final consideration and the November 26 City Ccouncil meeting.
Staff Contact:
Marygrace Goddu, Historic Preservation Officer, Community Planning & Development, 360.753.8031
Presenter(s):
Garner Miller, Chair, Heritage Review Committee
Background and Analysis:
The Historic Preservation Officer reviewed materials submitted with the Special Valuation application for subject property and verified that the following program eligibility requirements have been met:
* The building is designated and registered in the City of Olympia as a contributing structure in the South Capitol Neighborhood Historic District.
* Total qualified rehabilitation expenses exceed 25% of the pre-improvement assessed value of the home.
* Owner's reported rehabilitation expenses are eligible program expenditures verified by receipts.
* The rehabilitation period is within the required 24 months prior to the application date of September 30, 2019.
The Heritage Review Committee met on site and verified that the completed rehabilitation work meets the US Secretary of the Interior's Standards, does not adversely affect those architectural elements that qualify it as historically significant, and the features named as historically significant when the building was designated were preserved in this rehabilitation.
Neighborhood/Community Interests (if known):
Public interest in preserving the historic character of the South Capitol Historic Distr...
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