14.01.130 Historic and cultural resource preservation fund established.
The historic and cultural resource preservation fund (“fund”) is hereby established to provide for the conservation, preservation, restoration and rehabilitation of historic and cultural resources in the city of San Luis Obispo. The council shall provide the policy direction for funding and expenditures from the fund.
A. Program Administration. The director shall administer the fund, following specific procedures and funding priorities adopted by the council.
B. Purpose. The purpose of the fund is to provide funds for historic preservation projects within the city. All funds deposited in the fund shall be used for the conservation, preservation, restoration and rehabilitation of historic or cultural resources, as provided in this section and as directed by the council.
1. Financial Administration. Financial administration of the fund shall be by the city finance director or designee, in accordance with state and local law. Any interest earned on the fund shall accrue to the funds, unless council specifically designates such funds for another purpose.
2. Grants, Gifts and Donations. The finance director shall deposit into the fund any grants, gifts, donations, rents, royalties, or other financial support earmarked by council for historic or cultural resource preservation.
C. Cultural Heritage Committee Role. The committee shall advise the council on the fund regarding:
1. Criteria for use and award of funds;
2. Entering into any contract, lease, agreement, etc., for use of funds;
3. Any other action or activity necessary or appropriate to achieve the fund purposes and the intent of this chapter.
D. Uses of Fund. The fund may be used for: (1) the identification and protection of cultural resources, including preparation of historic surveys and design guidelines, (2) for the repair, restoration, rehabilitation, preservation and maintenance of historical buildings, features, or archaeological sites, (3) for public education on cultural resources, (4) for real property acquisition if there is a willing property owner, including lease, purchase, sale, exchange or other forms of real property transfer or acquisition to protect significant historic resources, or (5) any other historic preservation related purpose approved by the council. Council decisions on the use of funds are final.
E. Loans and Grants. The fund may be used, upon council approval and recommendation by the committee, for loans and grants to public agencies, nonprofit organizations and private entities to carry out the purposes of this chapter.
F. Preservation Agreements. Loans, grants or other financial assistance shall require execution of an agreement between the city and the recipient to ensure that such award or assistance carries out the purposes of this chapter and is consistent with applicable state and local standards.
G. Funding Eligibility. The fund shall be used to benefit properties on the master or contributing properties list, or for other properties or uses deemed eligible by the council upon recommendation by the committee. (Ord. 1557 § 3 (part), 2010)