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HomeMy WebLinkAboutItem 08 - B & D Mills RehabilitationITEM # 9 MEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: ROGER NELSON, CITY MANAGER 01 MEETING DATE: FEBRUARY 1, 2000 SUBJECT: B & D MILLS REHABILITATION RECOMMENDATION: Staff recommends that the City Council adopt a resolution supporting the proposed preservation, rehabilitation and adaptive use of the historic B & D Mills Complex and for its participation in the Federal Government's Historic Rehabilitation Tax Credits. BACKGROUND INFORMATION The B & D Mills is a cultural landmark to the City of Grapevine because it connects the city to its agricultural history. The property is also a significant element in the Cotton Belt Railroad Industrial Historic District. As such, the property owner is eligible to receive a 20% tax credit through the Historic Rehabilitation Tax Credits. Due to the fire in 1995 that destroyed some of the complex's original buildings, the owner is in danger of losing tax credits for the rehabilitation of the buildings. A City Council resolution which supports the preservation efforts will assist the owner with his appeal for the tax credits. Staff recommends approval of the resolution. RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS SUPPORTING THE PROPOSED PRESERVATION, REHABILITATION AND ADAPTIVE USE OF THE HISTORIC B & D MILLS AND FOR ITS PARTICIPATION IN THE FEDERAL GOVERNMENT'S HISTORIC REHABILITATION TAX CREDITS; AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City Council has identified the need to preserve, rehabilitate, restore and revitalize existing historic properties is critical to the revitalization of the City of Grapevine; and WHEREAS, the economic health and cultural vibrancy of downtown Grapevine is critical to the overall well-being of the City of Grapevine, and WHEREAS, the City Council created the Grapevine Main Street Program in 1984, an official Texas Main Street City, to economically revitalize and restore the historic commercial core of Grapevine; and WHEREAS, the B & D Mills, a longtime historic and cultural landmark, identifies Grapevine to the agricultural history of the area and is a historic building contributing to the significance of the Cotton Belt Railroad Industrial Historic District; and WHEREAS, the preservation, rehabilitation and adaptive use of the B & D Mills may provide a tax incentive through the federal Historic Rehabilitation Tax Credits. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS: Section 1. That the above preamble is found to be true and correct and is incorporated into the body of this resolution as though set forth in its entirety herein. Section 2. That the City Council of the City of Grapevine, Texas does hereby fully support the preservation, rehabilitation and adaptive use of the B & D Mills Project and encourage the support by the Texas Historical Commission and the National Park Service to do the same. Section 3. That a copy of this Resolution be sent to the state and federal legislative delegations. Section 4. That this resolution shall become effective from and after the date of its passage. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS on this the 1st day of February, 2000, ATTEST: APPROVED AS TO FORM: RES. NO. 2