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Historical - 4 Mounds, TCP, YThe Historical Division of the Department of Cul~ural Affatrs STATE HISTORICAL SOCIETY OF IOWA Where past meets future American Gothic House FJdon Blood Run NHL Larchwood Centennial Building Iowa City October 18, 2001 The Honorable Terry Duggan Mayor 50W. 13th Street Dubuque, IA 52001-4864 RE: Four Mounds Estate Historic District, 4900 Peru Road, Dubuque, Dubuque County The Town Clock Building, 823-825 Main Street, Dubuque, Dubuque County Dubuque Young Men's Christian Association Building, 125 W. Ninth Street, Dubuque, Dubuque County Matthew Edel Blacksmith Shop Dear Mayor Duggan: Marshalltown We are pleased to inform you that the above named property, which is located within your community, was accepted for nomination to the National Register of Historic Abbie Cm~dner CabS_ Places by the State Nominations Review Committee at its October 12, 2001 meeting. Amolds Park Once a final version is received in our office, the nomination will be submitted for final review by the National Park Service. Iowa Historical Building Des Moines Montauk Governor's Home Union Sunday School Clermont Museum Clermont Listing in the National Register provides the following benefits to historic properties: Consideration in the planning for Federal, federally licensed, and federally assisted projects. Section 106 of the National Historic Preservation Act of 1966 requires Federal agencies atiow the Advisory Council on Historic Preservation an opportunity to comment on projects affecting historic properties listed in the National Register. For further information please refer to 36 CFR 800. Plttrn Grove Governor's Home · Iowa City Toolesboro Indian Motmda Toolesboro Western HistoricTmils Center Council Bluffs Eligibility for Federal tax benefits. If a property is listed in the National Register, certain Federal tax provisions may apply. The Tax Reform Act of 1986 revises the historic preservation tax incentives authorized by Congress in the Tax Reform Act of 1976, the Revenue Act of i978, the Tax Treatment Extension Act of 1980, the Economic Recovery Tax Act of 1981, and Tax Reform Act of 1984, and as of January 1, 1987, provides for a 20 percent investment tax credit with a full adjustment to basis for rehabilitating historic commercial, industrial, and rental residential buildings. The former 15 percent and 20 percent investment Tax Credits (]TCs) for rehabilitations of older commercial buildings are combined into a single 10 percent ITC for commercial or industrial buildings built before 1936. The Tax Treatment Extension Act of t980 provides Federal tax deductions for charitable contributions for conservation purposes of partial interests in historically important land areas or structures. For further information please refer to 36 CFR 67 and Treasury Regulation Sections 1.48-12 (ITCs) and 1.170A-14 (charitable contributions). Consideration of historic values in the decision to issue a surface coal mining permit where coal is located, in accord with the Surface Mining and Control Act of' 1977. For further information, please refer to 30 CFR 700 et seq. IOWA HISTORICAL BUILDING 600 East Locust · Des Moines, Iowa 50319-0290 Phone: (515) 281-6412 · Fax: (515) 242-6498 or (515) 282-0502 www. iowahistory, org The Honorable Terry Duggan October 18, 2001 Page 2 · Qualification for Federal and State grants for historic preservation when funds are available. Eligibility for State Tax Credits for rehabilitation. Properties listed on the National Register, eligible for listing on the National Register or Barns constructed before :].937 are eligible to apply for a 25 percent state tax credit for rehabilitation. The cost of a 24-month qualified rehabilitation project would ekceed either $25,000 or 25 percent of the fair market value for a residential property or barn less the land before rehabilitation. For commercial properties, the rehabilitation project would exceed 50 percent of the assessed value of the property less the land before rehabilitation - whichever is less. The State Historic Preservation office must approve the rehabilitation work before an amount of tax credits will be reserved for your project. There are limited credits available each year, so let us know if you want the application information. Elected officials, representing the communities within which nominated properties are located are encouraged to comment concerning the propriety of those nominations and the accuracy of nomination content. A fifteen day period of public comment, during the period of Federal review, follows the listing of this nomination in the Federal Register. Any comments previously submitted to the State Nominations Review Committee are automatically forwarded as part of the nomination and need not be repeated for the Federal review. Yf the owner of a single property nomination or a majority of private property owners in a district nomination object, a property will not be listed; however, the Keeper of the National Register can make a determination of the eligibility of the property for listing in the National Register. If the property is then determined eligible for listing, although not formally listed, Federal agencies will be required to allow the Advisory Council on Historic Preservation an opportunity to comment before the agency may fund, license, or assist a project which will affect the property. Should you have any questions about the National Register of Historic Places, or about this nomination in particular, please feel free to contact me by telephone at 515-281- 4137 or by e-mail at bfoster@max.state.ia.us. Yfyou have questions regarding grants, please contact Cynthia Nieb at 515-281-8754 or cniel~@max.state.ia.us. For questions regarding tax incentives, please contact 3udy McClure at 515-281-8637 or imcclu@max.state.ia.us. Sincerely, Elizabeth Foster, State Tax Credit Program Manager/ National Register Coordinator