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State Historical Society_State National Register Nominations ReviewHISTORICAL TSOCIETYof A Division of the Iowa Department of Cultural Affairs n C ©' c 0 � g?, .SI 0 (.0 3 _ c1 Y RE: Walker's Shoe Store, 756 Main Street, Dubuque, Dubuque County 0 — Schroeder-Kline Grocer Company Warehouse; M.M. Walker Company Warehouse, 40 -48 Main StreettbubuFe, Dubuque County Upper Main Historic District Amendment, 900s -1000s Main Street, Dubuque, Dubuque County Washington Street and E. 22nd Street Historic District, Washington Street (2162 -45) and E. 22nd (215 -400), Dubuque, Dubuque County August 9, 2010 The Honorable Roy Buol Mayor 50 W 13th Street Dubuque, IA 52001 -4864 Dear Mayor Buol: We are pleased to inform you that the above named property will be considered by the State National Register Nominations Review Committee for nomination to the National Register of Historic Places on October 8, 2010. The National Register is the Federal Government's official list of historic properties worthy of preservation. Listing in the National Register provides recognition and assists in preserving our Nation's heritage. Listing of the property provides recognition of the community's historic importance and assures protective review of Federal projects that might adversely affect the character of the historic property. Listing in the National Register does not mean that limitations will be placed on the properties by the Federal government. Public visitation rights are not required of owners. The Federal government will not attach restrictive covenants to the properties or seek to acquire them. Listing in the National Register results in: • 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 allow 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. • Eligibility for Federal tax provisions. If a property is listed in the National Register, certain Federal tax provisions may apply. The Tax Reform Act of 1986 revised the historic preservation tax incentives authorized by Congress in the Tax Reform Act of 1976, the Revenue Act of 1978, 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 (ITCs) for rehabilitation 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 1980 provided Federal tax deductions for charitable contributions for conservation purposes of partial interests in historically important land areas or structures. Whether these provisions are advantageous to a property owner is dependent upon the particular circumstances of the property and the owner. Because tax aspects outlined above are complex, individuals should consult legal counsel or the appropriate local Internal Revenue Service office for assistance in determining the tax consequences of the above provisions. 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. 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 1937 are eligible to apply for a 25 percent state tax credit for 600 EAST LOCUST STREET, Des MOINES, IA 50319 -0290 P: (515) 281 -5111 n m m 0 Owners of private properties nominated to the National Register of Historic Places have an opportunity to concur in or object to listing in accord with the National Historic Preservation Act and 36 CFR 60. Any owner or partial owner of private property who chooses to object to listing is required to submit to the State Historic Preservation Officer a notarized statement certifying that the party is the sole or partial owner of the private property and objects to the listing. Each owner or partial owner of private property has one vote regardless of what part of the property that party owns. If a majority of private property owners object, a property will not be listed; however, the State Historic Preservation Officer shall submit the nomination to the Keeper of the National Register for 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. If you choose to object to the listing of your property, the notarized objection must be submitted to the State Historical Society of Iowa, 600 E. Locust, Des Moines, IA 50313 not more than 75 days from the date of this notice. If you wish to comment on the nomination of the property to the National Register, please send your comments to the State Historical Society of Iowa before the State Nomination Review Committee meets on October 8, 2010. A copy of the nomination and information on the National Register and the Federal tax provisions are available from the above address upon request. You are invited to attend the State. Nomination Review Committee meeting at which the nomination will be considered. The meeting will take place in Heritage Classroom on the 1st floor of the New Historical Building, 600 E. Locust Street, Des Moines, Iowa. A meeting agenda is enclosed. Should you have any questions about the National Register of Historic Places, Tax Incentives or about this nomination in particular, please feel free to contact me by telephone at 515- 281 -4137 or by e -mail at beth.foster@iowa.gov. You may enjoy visiting the National Register website at http : / /www.cr.nps.gov /nr /index.htm. Sincerely, rehabilitation. The cost of a 24 -month qualified rehabilitation project would exceed 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. for Barbara Mitchell Deputy State Historic Preservation Officer