HPC agenda 052301 - Laserfiche WebLink

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preservation of historic landmarks is a benefit to the public . Furthermore , the deferral can represent a substantial financial benefit for owners of historic property, who may apply the savings toward building maintenance and refurbishment. The property tax deferral can reduce the local tax base . However, designation also encourages the rehabilitation of historic landmarks , which can increase their value . The . increased value of the rehabilitated property can offset the tax deferral based on the property ' s original value . A more detailed analysis of the loss of revenue from the fifty percent tax deferral is contained in Chapter 4 . National Register Nominations for Eligible Landmarks . There is another incentive for owners of National Register Study List properties that have been earmarked for designation . If the property is determined to be eligible for the National Register of Historic Places , it will be recommended by the Historic Preservation Commission for preparation of a National Register nomination at no cost to the owner, pending available funds . Historic Marker . A suitable plaque will be provided for each property designated as a historic landmark (pending available funds) . The marker may be placed on the property at the owner ' s consent ; otherwise , it may be placed on a nearby public right- of-way . Properties Eligible for Designation . National Register Sites . At present, there are eight sites in Orange County ' s jurisdiction listed on the National Register of Historic Places . (Seven are structures and one is an archeological site . ) The first County- designated landmarks will be selected from this group of sites. Table 3 . 1 shows the site name , the township in which it is located, and the date of listing on the National Register . i T ABLE 3� 1 C3RAAm lVB C4 'TY SS ; Z,TSTED +O1V 'X'JIM A. I FTC3VALtEGZSTt S' 'UC T'LAGS Site Township Date Listed Bingham School Bingham oimm Chatwood Cheeks 08/04/88 Moorefields Cheeks 04/25/72 Paisley-Rice Log House Cheeks 01 /22/79 Rigsbee' s Rock House Eno 10/20/88 St. Mary's Chapel Eno 07/ 12/78 Maple Hill Eno 03 / 17/94 Alexander Hogan Plantation Site` Chapel Hill 03 /04/96 National Register Study List Sites . Thirty-nine other sites are included on the National Register Study List (NRSL) . A property on the NRSL has been deemed potentially eligible for the National Register by the State Historic Preservation Office . Table 3 . 2 shows the site name , the township in which it is located, and the date it was placed on the * archeological site 3 - 3