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Security Bldg. State Historical Society of IA STATE HISTORICAL ISOCIETY of OWA ~/d A Division of the Iowa Department of Cultural Affairs May 2, 2006 The Honorable Terry Duggan Mayor 50 W. 13th Street Dubuque, IA 52001-4864 RE: The Security Building, 800 Main Street, Dubuque, Dubuque County Dear Mayor Duggan: 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 June 9, 2006. 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 ofthe 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 cornment 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 I, 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 (lTCs) 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 counselor 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 (lTCs) 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 rehabilitation. The cost ofa 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 600 EAST LOCUST STREET, DES MOINES, IA 50319-0290 P: (515) 281-5111 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. 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 ofthe 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 ofIowa, 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 ofIowa before the State Nomination Review Committee meets on June 9, 2006. 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 New Historical Building, 600 E. Locust, Des Moines, in classrooms A&B, 3rd floor West. A meeting agenda is enclosed. Unfortunately, due to state budget cuts, our grants have been temporarily frozen for at least one year. 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 bye-mail at beth.foster@iowa.gov. You may enjoy visiting the National Register website at http://www.cr.nps.gov/nr/index.htm. Sincerely, /" : J:" '-~~ttjO-u~~.t)-- 'i)Ltl1 ~/ ',->--..- t.t..# for Lowell Soike Deputy State Historic Preservation Officer STATE NATIONAL REGISTER NOMINATION REVIEW COMMITTEE June 9, 2006 AGENDA The June meeting of the State Nomination Review Committee (SNRC) will be held at the New Historical Building, 600 E. Locust, Des Moines, in classrooms A&B, 3rd floor West. If you are representing a particular nominated property, please arrive one half-hour before the nomination is scheduled on the agenda. Due to the unpredictable length of time it takes to review each nomination the times on the agenda may change. You may, if you wish, request to speak. in favor of or in opposition to that nomination. You can simply be available to answer any Committee questions if you wish to do SQ. Refreshments will be available for all that attend Committee meetings. Slides are used to better aid the public in following Committee proceedings. The Committee can determine to nominate, to defer judgment or to reject any particular nomination. Accepted nominations are forwarded for National Park Service for review and probable listing on the National Register of Historic Places. 9:00. Refreshments OLD BUSINESS 9:30. Minutes! Announcements NEW BUSINESS 9:45. Taft-West Warehouse, 216-222 Court Avenue, Des Moines, Polk County 10:00. First Christian Church, 824 Franklin Street, Pella, Marion County 10:15. Coal Ridge Baptist Church and Cemetery, 1034 Highway S71, Knoxville, Marion County 10:30. Ely School House, 1570 Rowley Street, Ely, Linn County 10:45. Break 11 :00. The Maquoketa Company-Clinton Machine Company Administration Building, 605 E. Maple Street, Maquoketa, Jackson County 11:15. The Security Building, 800 Main Street, Dubuque, Dubuque County 11:30a Nomination Appeal: House at 310 Frank Street, Council Bluffs, Pottawattamie County 11:45. Northwood Central Avenue Historic District, Roughly, Central Avenue West near 5th Street to 10th Street on the East, N orthwood, Worth County 12:00p Sheaffer, Walter A., House, 11 High Point, Fort Madison, Lee County Terrace Park Historic District, Roughly bounded by 10th Avenue, 9th Avenue, 11th Street and East side of 12th Street, Marion, Linn County 12:15p 12:30p Lunch 1:3Op The Architecture of William L. Perkins: 1912-1957 MPD 1:45p 2:0Op American Legion Hall, 201 S. Main, Chariton, Lucas County Chariton City Hall & Fire Station, 115 S. Main, Chariton, Lucas County 2:15p Chariton Masonic Temple, 821 Armory, Chariton, Lucas County 2:3Op Break 2:45p Chariton Herald-Patriot Building, 815 Braden, Chariton, Lucas County 3:0Op Hotel Chariton, 831 Braden, Chariton, Lucas County 3:15p Discussion Time 3:30p Adjourn