The document summarizes a presentation about utilizing historic preservation tax credits for property development projects. It discusses including the proper expertise on a project team, following the Secretary of the Interior's standards, documenting projects as required for tax credits, that old buildings can meet building codes with the right expertise, and the importance of communication between all entities involved.

1. The Process Simplified Historic Preservation Tax Credit Workshop (Federal & State of Ohio) Heritage Ohio LIMA OHIO October 5, 2009 11/05/09 Presented by Chambers Murphy & Burge

2. The Process Simplified Value of Team Work, add a Restoration Architect. 11/05/09 Presented by Chambers Murphy & Burge

3. Discussion Goals Outline tools available to Owner’s Team. Allow Owner/Developer to realize project possibilities. Level the process 11/05/09

4. Topics of Discussion Secretary of the Interior’s Standards Expertise Documentation Building Codes Costs Communication 11/05/09

5. Secretary of the Interior’s Standards FEAR FACTOR Standards—list of ten—common sense design rules Takes precedence over other sets of regulations Communications and early discovery is the key. 11/05/09

6. Expertise FEAR FACTOR Often hear the word “complex” Include the proper expertise on your Team Experts may include Enthusiastic Owner/Developer Tax attorney Accountant with tax expertise Restoration/preservation architect 11/05/09

7. Expertise FEAR FACTOR Often hear the word “complex” Include the proper expertise on your Team Experts may include Enthusiastic Owner/Developer Tax attorney Accountant with tax expertise Restoration/preservation architect 11/05/09 IMPORTANT!

8. Documentation FEAR FACTOR Start at the beginning of the project Required for IRS (remember the Tax Credit is a big incentive to do this) Helps to expedite your processes. 11/05/09

9. Building Codes FEAR FACTOR Myth busters – “An old building cannot meet the current building code” Myth busters – “It is too expensive to bring that old building up to code” 11/05/09

10. Building Codes SECTION 3409 HISTORIC BUILDINGS 3409.1 Historic buildings. The provisions of this code relating to the construction, repair, alteration , addition , restoration and movement of structures, and change of occupancy shall not be mandatory for historic buildings where such buildings are judged by the building official to not constitute a distinct life safety hazard. Exception: Historic buildings that are: 1. Listed or preliminarily determined to be eligible for listing in the National Register of Historic Places; 2. Determined by the Secretary of the U.S. Department of Interior as contributing to the historical significance of a registered historic district or a district preliminarily determined to qualify as an historic district; or 3. Designated as historic under a state or local historic preservation program that is approved by the Department of Interior. (CLG) 11/05/09

11. Building Codes 11/05/09 FEAR FACTOR Myth busters – “An old building cannot meet the current building code” Myth busters – “It is too expensive to bring that old building up to code”

12. Building Codes FEAR FACTOR Myth busters – “An old building cannot meet the current building code” Myth busters – “It is too expensive to bring that old building up to code” 11/05/09

13. Costs Details about this topic Supporting information and examples How it relates to your audience 11/05/09

14. Communication FEAR FACTOR Entities involved -- ooohh! So many! Lingo, regs, paperwork 11/05/09

15. Communication FEAR FACTOR Entities involved -- ooohh! So many! Lingo, regs, paperwork Don’t forget your Team—they are there to help you. 11/05/09

16. Real Life 11/05/09

17. Real Life 11/05/09

18. Real Life 11/05/09

19. Real Life 11/05/09

20. Real Life 11/05/09

21. What This Means FEAR FACTOR Myth Busting Small projects can move forward. Small projects can use tax credits. DON’T GIVE UP YET! 11/05/09