Tax Credit Workshop Lima. Ohio The Lima Trust Company Bldg. 43 Town Square October 5, 2009

Lima. Ohio

The Lima Trust Company Bldg.

43 Town Square

October 5, 2009

Information Town Square Center. Owner Built in 1926 Weary and Alford. Chicago Architects W.H. Horster, Tulsa Oklahoma. Contractors Neoclassic Revival Style Historic Preservation Consultants. Chambers Murphy and Burge, Restoration Architects. Akron

Town Square Center. Owner

Built in 1926

Weary and Alford. Chicago Architects

W.H. Horster, Tulsa Oklahoma. Contractors

Neoclassic Revival Style

Historic Preservation Consultants. Chambers Murphy and Burge, Restoration Architects. Akron

Eligibility Listed on the National Register of Historic Places. Multiple Resource Area. 1980 Rehabilitation Resources Ohio Historic Preservation Tax Credit Federal Tax Rehabilitation Credit

Listed on the National Register of Historic

Places. Multiple Resource Area. 1980

Rehabilitation Resources

Ohio Historic Preservation Tax Credit

Federal Tax Rehabilitation Credit

Specifications 12 story building Landmark of the city of Lima. “ Skyscraper” of a small town. On 0.214 acres 102,000 s.f. Concrete. Brick. Copper. Limestone. Granite. Marble

12 story building

Landmark of the city of Lima.

“ Skyscraper” of a small town.

On 0.214 acres

102,000 s.f.

Concrete. Brick. Copper. Limestone. Granite. Marble

Character Defining Features Architectural Elements Materials Space Cornice Stair System Windows Millwork Lobby Fireplace Ornamental Light Fixtures Office Corridors

Architectural Elements

Materials

Space

Cornice

Stair System

Windows

Millwork

Lobby

Fireplace

Ornamental

Light Fixtures

Office Corridors

Significant Features

Significant Features (cont.)

Significant Features (Cont.)

Significant Features (Cont.)

Significant Features (cont.)

Significant Features (Cont.)

Significant Features (cont.)

Significant Features (cont.)

Significant Features (cont.) Decorative plaster ceiling Stained glass window Original storefronts Vault doors. Limestone cladding Metal panels. Spandrels. Arches. Wood paneling. American Walnut.

Decorative plaster ceiling

Stained glass window

Original storefronts

Vault doors.

Limestone cladding

Metal panels. Spandrels. Arches.

Wood paneling. American Walnut.

Significant Features (cont.) Flooring. Marble. Linoleum Skylight Marble partitions, floors, stairs. Bronze Teller windows Ornamental Plaster. Crown Molding Granite Base Chandeliers

Flooring. Marble. Linoleum

Skylight

Marble partitions, floors, stairs.

Bronze Teller windows

Ornamental Plaster. Crown Molding

Granite Base

Chandeliers

Ohio Historic Preservation Tax Credit Application Combined Tax Credit Application, State and Federal Submitted on August 10, 2007 Submitted part 2 for Federal rehabilitation tax credit (already listed on the NR, no need for part 1) Include corresponding photos, drawings. Staged Project. Submitted Rationale for Staged Project form Submitted Major Factor Information Narrative Cost Benefit Analysis. Prepared by Accountant.

Combined Tax Credit Application, State and Federal Submitted on August 10, 2007

Submitted part 2 for Federal rehabilitation tax credit (already listed on the NR, no need for part 1) Include corresponding photos, drawings.

Staged Project. Submitted Rationale for Staged Project form

Submitted Major Factor Information Narrative

Cost Benefit Analysis. Prepared by Accountant.

Rationale For Staged Project Form Total Estimated Expenditures $10,500,000 Five Year Staged Project Plan (60-month) (Same as Federal Tax Rehabilitation Credit) Time period. October 2007 to October 2012 Stage 1. Rehabilitate 1 st and 2 nd Floors. ADA. HVAC. Electrical.Plumbing Stage 2. Rehabilitate 3 rd to 5 th floor (as tenant leases are obtained) HVAC. Electrical. Plumbing

Total Estimated Expenditures $10,500,000

Five Year Staged Project Plan (60-month) (Same as Federal Tax Rehabilitation Credit)

Time period. October 2007 to October 2012

Stage 1. Rehabilitate 1 st and 2 nd Floors. ADA. HVAC. Electrical.Plumbing

Stage 2. Rehabilitate 3 rd to 5 th floor (as tenant leases are obtained) HVAC. Electrical. Plumbing

Rationale (Cont.) Stage 3. Rehabilitate 6 to 8 th . Same as Stage 2 Stage 4. Rehabilitate 9 th to 12 th . Same as Stage 2. Stage 5. Rehabilitation of Storefronts. Dependent on Lease Progress

Stage 3. Rehabilitate 6 to 8 th . Same as Stage 2

Stage 4. Rehabilitate 9 th to 12 th . Same as Stage 2.

Stage 5. Rehabilitation of Storefronts. Dependent on Lease Progress

Ohio Historic Preservation Tax Credit. Amendments Amendments can be submitted anytime changes occur. Any changes or clarifications requested by the SHPO generates an Amendment. Send corresponding copies to ODOD Use Federal Tax Rehabilitation Amendment Form. Lima Trust project submitted 3 amendments to date.

Amendments can be submitted anytime changes occur.

Any changes or clarifications requested by the SHPO generates an Amendment.

Send corresponding copies to ODOD

Use Federal Tax Rehabilitation Amendment Form.

Lima Trust project submitted 3 amendments to date.

Ohio Department of Development Progress Reports To be filed with ODOD. ODOD sends letter about status of project, and owner updates information in the white spaces. If gray space information needs to be changes then the owner has to file an Amendment with the ODOD, like for example change of ownership. Existing amendments are listed.

To be filed with ODOD.

ODOD sends letter about status of project, and owner updates information in the white spaces. If gray space information needs to be changes then the owner has to file an Amendment with the ODOD, like for example change of ownership.

Existing amendments are listed.

What is a Green Building? When design and construction practices reduce negative environmental impacts and improve existing unsustainable design. It reduces operation costs. Enhances building marketability. Increases worker productivity. Improves indoor air-quality problems. Becomes energy and water efficient. Promotes conservation of materials Integrates the design process.

When design and construction practices reduce negative environmental impacts and improve existing unsustainable design.

It reduces operation costs.

Enhances building marketability.

Increases worker productivity.

Improves indoor air-quality problems.

Becomes energy and water efficient.

Promotes conservation of materials

Integrates the design process.

What is an Historic Building? Listed individually on the National Register of Historic Places. Contributing building in a National Register Historic District. Determined eligible to be listed on the National Register by the State Historic Preservation Office. At least 50 years old and eligible to be listed. Achieving significance within 50 years because of exceptional importance. Moved buildings with historic significance. Accurately reconstructed building in an appropriate setting. Listed at State or Local level complying with National Register historic criteria standards

Listed individually on the National Register of Historic Places.

Contributing building in a National Register Historic District.

Determined eligible to be listed on the National Register by the State Historic Preservation Office.

At least 50 years old and eligible to be listed.

Achieving significance within 50 years because of exceptional importance.

Moved buildings with historic significance.

Accurately reconstructed building in an appropriate setting.

Listed at State or Local level complying with National Register historic criteria standards

Common issues in Historic Preservation and Green Building Embodied energy and reuse of existing resources. ( Embodied energy of a standard building is equal to 5-15 gallons of gasoline per s.f.) Conservation resources. Preservation of Cultural Heritage Adapting existing Historic Structures to current societal needs

Embodied energy and reuse of existing resources. ( Embodied energy of a standard building is equal to 5-15 gallons of gasoline per s.f.)

Conservation resources.

Preservation of Cultural Heritage

Adapting existing Historic Structures to current societal needs

Common challenges facing the Green and Historic Preservation movements. Not a clear public policy encouraging green and historic preservation. Not significant public investment, especially local. Lack of public interest due to education Continued urban sprawl and construction of disposable architecture. Cost of Historic Restoration with Green Criteria compared to new construction

Not a clear public policy encouraging green and historic preservation.

Not significant public investment, especially local.

Lack of public interest due to education

Continued urban sprawl and construction of disposable architecture.

Cost of Historic Restoration with Green Criteria compared to new construction

Current Public Green Initiatives In legislation, executive orders, resolution, ordinances, policies and initiatives. 13 federal agencies 17 public school systems 39 institutions of higher education 45 states 195 localities (132 cities, 35 counties, 28 towns)

In legislation, executive orders, resolution, ordinances, policies and initiatives.

13 federal agencies

17 public school systems

39 institutions of higher education

45 states

195 localities (132 cities, 35 counties, 28 towns)

Green Initiatives Examples GSA. Decided in 2000 that starting in 2003 all capital building projects must earn LEED certification. Largest civilian landlord 8,600 buildings. First Federal USGBC member. Palo Alto. CA. Commercial LEED certified. Residential Build It Green’s Green Point rating system Lakewood, OH. Adopted resolution use LEED Green principles in public projects.

GSA. Decided in 2000 that starting in 2003 all capital building projects must earn LEED certification. Largest civilian landlord 8,600 buildings. First Federal USGBC member.

Palo Alto. CA. Commercial LEED certified. Residential Build It Green’s Green Point rating system

Lakewood, OH. Adopted resolution use LEED Green principles in public projects.

Green Initiative examples New Albany, OH. New building incentives for Green commercial buildings. Shaker Hts. OH. Encourage municipal and private sector to follow LEED guidelines Cincinnati, OH. All municipal buildings, new and renovated be LEED certified. Automatic 100% Real Property Tax Exempt of assessed property value for residential and commercial LEED Certified structures.

New Albany, OH. New building incentives for Green commercial buildings.

Shaker Hts. OH. Encourage municipal and private sector to follow LEED guidelines

Cincinnati, OH. All municipal buildings, new and renovated be LEED certified. Automatic 100% Real Property Tax Exempt of assessed property value for residential and commercial LEED Certified structures.

Green Initiatives Examples Lima, OH. Green initiative adopted for public works in Transportation Lighting Wastewater Water Supply Solid Waste

Lima, OH. Green initiative adopted for public works in

Transportation

Lighting

Wastewater

Water Supply

Solid Waste

Green Rating Systems USGBC LEED (Leadership in Energy and Environmental Design ) Build it Green. Green Point. CA National Association of Home Builders. National Green Building Standards. Built Green. CO Sustainable Space. CA Built Green. WA

USGBC LEED (Leadership in Energy and Environmental Design )

Build it Green. Green Point. CA

National Association of Home Builders. National Green Building Standards.

Built Green. CO

Sustainable Space. CA

Built Green. WA

Green features in Historic Buildings Urban density Transportation Daylighting Natural ventilation Local materials Embodied energy Passive energy saving devices Durability

Urban density

Transportation

Daylighting

Natural ventilation

Local materials

Embodied energy

Passive energy saving devices

Durability

Greening Historic Property Discussion Components Envelope. Windows, wall, roof and foundation performance HVAC system. Space for new systems. Meeting energy/thermal performance. Lighting. Day lighting and electric lighting integration and issues. Materials. Conflicts with green or historic standards. Lack of acceptance of green imitation of historic materials

Envelope. Windows, wall, roof and foundation performance

HVAC system. Space for new systems. Meeting energy/thermal performance.

Lighting. Day lighting and electric lighting integration and issues.

Materials. Conflicts with green or historic standards. Lack of acceptance of green imitation of historic materials

Energy and Atmosphere New White Reflective Roof with R-30 Insulation Historic District Whitaker & State

Energy and Atmosphere High-efficiency HVAC Ozone Friendly Puron coolant (R410-a) Historic District Whitaker & State

High-efficiency HVAC

Ozone Friendly Puron coolant (R410-a)

Energy and Atmosphere Where possible, the historic windows remained in use. Storefront glass features Low-e coating (Later added interior storm windows) Historic District Whitaker & State

Energy and Atmosphere High efficiency lighting installed which consumes less energy and produces less heat Motion sensors Dual ballasts Overall, a 43% reduction in electricity consumption and downsized HVAC by 6 tons Historic District Whitaker & State

High efficiency lighting installed which consumes less energy and produces less heat

Motion sensors

Dual ballasts

Overall, a 43% reduction in electricity consumption and downsized HVAC by 6 tons

Building Reuse 100% of the shell and the majority of the interior was reused Purchased materials were locally sourced, and high in recycled content Materials and Resources Historic District Whitaker & State

Building Reuse

100% of the shell and the majority of the interior was reused

Purchased materials were locally sourced, and high in recycled content

Materials and Resources Material Reuse The hefty stair treads and hand rail caps throughout the building were milled utilizing wood from the original building structure. Stair treads – from old floor joists Handrails – denailed framing studs Baseboards – old lathe strips Historic District Whitaker & State

Indoor Environmental Quality All paints and finishes were low VOC (volatile organic compounds) products. Safer to breathe and don’t continue to off-gas over time Historic District Whitaker & State

Martha Raymond Presentation 2007 HO Prism glass in transom at the Robinson Music Company Building, Steubenville, Ohio Drawing courtesy of the National Park Service

Martha Raymond Presentation 2007 HO

Martha Raymond Presentation 2007 HO Double-Loaded Corridors

Martha Raymond Presentation 2007 HO Former school classroom adaptively re-used. Full height windows were preserved, providing natural daylight within the new office space. HVAC duct work is also exposed.

Transoms were open or closed to help regulate ventilation throughout the building. Martha Raymond Presentation 2007 HO

Use of awnings as an energy conservation measure in a residential setting. Martha Raymond Presentation 2007 HO

The Community Restoration and Revitalization Act HR 1043 S 584 Re-introduced on October 1, 2009 Senators Lincoln (D-AR) Snowe (R-ME) HR Schwartz (D-PA) Tiberi (R-OH) 8 Amendments to 1986 Federal Rehabilitation Tax Credit. Enabling Smaller Rehabilitation Projects Providing Downtown Housing in Historic Buildings Using a practical definition for “Older Building”

Re-introduced on October 1, 2009

Senators Lincoln (D-AR) Snowe (R-ME)

HR Schwartz (D-PA) Tiberi (R-OH)

8 Amendments to 1986 Federal Rehabilitation Tax Credit.

Enabling Smaller Rehabilitation Projects

Providing Downtown Housing in Historic Buildings

Using a practical definition for “Older Building”

Community Restoration (Cont.) Rehabilitating Qualified Non-profit and Public Historic Buildings Making Historic Buildings as Energy Efficient as they can be. Facilitating smaller projects through Transferability Encouraging Moderate Rehabilitation through Reducing the Substantial Rehabilitation Requirements Allowing State Historic Tax Credits to Work More Effectively with the Federal Credit

Rehabilitating Qualified Non-profit and Public Historic Buildings

Making Historic Buildings as Energy Efficient as they can be.

Facilitating smaller projects through Transferability

Encouraging Moderate Rehabilitation through Reducing the Substantial Rehabilitation Requirements

Allowing State Historic Tax Credits to Work More Effectively with the Federal Credit

Historic Homeowners Revitalization Act HR 3670 Introduced in September 29, 2009 HR Carnahan (D-MO) Federal Tax Credit 20%. “Qualified Rehabilitation expenditures made by the tax payer with respect to a qualified historic home”. Cap of $60,000 Increase in credit for buildings in “high cost” or economically distressed areas.

Introduced in September 29, 2009

HR Carnahan (D-MO)

Federal Tax Credit 20%. “Qualified Rehabilitation expenditures made by the tax payer with respect to a qualified historic home”. Cap of $60,000

Increase in credit for buildings in “high cost” or economically distressed areas.

Historic Homeowners (Cont.) Ability of credits to be transferred or assigned. Available for “For Sale” housing. Additional information at the following web pages: www.PreservationAction.org www.PreservationNation.org

Ability of credits to be transferred or assigned.

Available for “For Sale” housing.

Additional information at the following web pages:

www.PreservationAction.org

www.PreservationNation.org

Presenter Yolita E. Rausche M.Arch HP Historic Preservation Specialist Chambers Murphy & Burge Restoration Architects, Akron, Ohio Heritage Ohio Board Member Email:yrausche@sbcglobal.net [email_address]