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Guidelines for revolving fund projects

Project Name: Historic Preservation Revolving Fund

Program Description: The fund was established by issuance of public bonds to preserve and rehabilitate properties that are deemed "historic."

Eligibility Requirements: Historic designation (Individual significance and contributing structures within a locally designated historic district).

Level of endangerment.

Economic viability.

Assumptions: Property or item is available for purchase.

The Landmarks Commission believes the preservation project would be worthwhile to the public.

Geographic Area Served: Charlotte and Mecklenburg County in the southern Piedmont of North Carolina.

Items for Consideration: Potential projects include individual buildings, structures, sites, areas, or objects which have been studied by the Commission and judged to have historical, architectural, archeological, or cultural value.

Ownership: The Historic Landmarks Commission would become the owner of any project under the revolving fund. Protective covenants would be written into the deeds to assure the longevity of preservation.

Alliances: The Landmarks Commission may, at its discretion, pursue preservation projects with government agencies and non-profit organizations. The Commission will not become involved in development or rehabilitation projects for the benefit of private individuals or for-profit entities.

Administering Agency: Charlotte-Mecklenburg Historic Landmarks Commission (Subject to approval of the Board of County Commissioners of Mecklenburg County).

Contact Person: Dr. Dan L. Morrill, Consulting Director, HLC 2100 Randolph Road, Charlotte, N.C. 28207 (704) 376-9115

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