Agenda - 02-03-1986 - Laserfiche WebLink

Browse Search

t WHAT IS THE NATIONAL REGISTER OF HISTORIC PLACES? 091 The National Register is a list of distinction identifying for the people those properties worthy, of preservation for their historic value. It is authorized by the Historic Preservation Act of 1966. Nominations can include buildings, structures, objects, sites or districts. Nominations are made b Officer, after approval by the State Historic Preservation pproval by the State Professional Review Committee. Nominations are sent to the National Register, National Park Service, , in Washington, D. C. They are reviewed there, which takes of tot six omonths WHAT DOES LISTING IN THE NATIONAL REGISTER MEAN? First, it is an honor, a recognition of. the importance of the property or distri. to the past and present of the locality, state and nation, t iSecond, National Register listing means that, according to state and federal an ► state funded or assisted project or any federally funded, licensed, or assisted project that might'' have any effect upon the integrity of the National Register propert, or district must be reviewed according to certain that the state or Federal official must contact the rState rHistoric ePreservation mOffi to assess the effect of the project on the National Register Office review procedures are then followed. This could include, for example, an Federal ehigh- 1 Y way going through house; an urban renewal project destroying part or all of a histor c district. The review does not always mean that the historic property is saved, but in Y� many cases it does! , Third, the Economic Recovery Tax Act of 1981 benefits owners of income-producing properties listed on the National Register by providing new tax incentives for preser- . vation. The Act provides for a 25 per cent Investment Tax Credit (ITC) for subs tantial rehabilitation expenses. This applies to buildings individually listed in the National Register or that are certified as contributing to registered Historic Districts. To qualify, the rehabilitation work must be certified as meeting the Secretar of the Interior's Standard's, which describe proper rehabilitation methods. Other provisions eliminate deductionlof demolition costs if a certified National Register property is demolished. P Y National Register listing has been a requirement for certain kinds of m grants from the National Park Service for repairs and restoration. At at, th e are no funds allocated for such grants, present, there WHAT EFFECT DOES NATIONAL REGISTER LISTING HAVE FOR THE PRIVATE OWNER? National Register listing has no effect on what a private owner can do with his or her property unless 'the owner chooses to take advantage of the Economic Recovery Tax Act. It chiefly limits what government agencies can do that might affect the building. Nor does National Register listing have any effect on the tax evaluation of any g Y g Listing in the National Register is separate and distinct from two of procal historic designation. N. C. enabling legislation (G.S. 160A:3A) types if es t o designate historic districts where historic district commissions review exterior permits localities to ations and new construction and can delay demolitions. G.S. 160A:3B s l localities to designate ind v�l historic properties, which are also subject to review of alter- ations localities ations and delay of demolition. On1� the historic 2I2p.!_rty deli nation qualifies the owner for a 50% property tax deferral. Both local historic district and tions are made by local governments and have no connection with the National Register. Property design.-- For further information contact the State Historic Preservation Officer, g of Archives and History, Raleigh, N. C. 27611. facer, Division I I 1