Reso 2004-062 - Laserfiche WebLink

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monetary penalty if it is determined that the owner has not met the conditions of the contract. The City may also limit the number of contracts per tax year. Real Property Transfer Tax The real property transfer tax is a .6% tax that is paid when a property is sold. The City can waive this tax in exchange for execution of a recorded agreement that commits the new property owner to keep the property on the historic register for a minimum of five years after the sale of the property. State Historic Building Code The State Historic Building Code was developed to assist historic buildings to meet safety guidelines without losing their historical integrity. It allows the Chief Building Official to be more flexible when considering what upgrades are necessary for an older building. The use of the Historic Building Code would be limited to those buildings on the historic register and is applicable once a building is formally listed. Fast-Tracking ofProjects Properties on the historic register would be given special consideration when applying for planning or building permits. Staff would accelerate the review of these projects to the extent possible. This could apply to projects on a historic property other than exterior changes to a designated historic structure, including interior work not subject to review under the City's Historic Preservation Ordinance and work on non-historic structures.