Of The Historic Landmarks Commissionís
1. The Commission appreciates that each property
possesses a unique character that suggests a variety of potential
preservation strategies (all of which, to qualify for Commission
consideration, must meet the Secretary of the Interiorís Guidelines for
Rehabilitation). In selecting a preservation strategy for a given property,
the Commission shall seek to balance the objectives of historic preservation
and recovery of investment, in an effort to preserve and enhance the
revolving fund as one of its most important preservation tools.
2. As a general rule, the Commission shall restore
buildings only to the level necessary to safeguard their physical integrity
and to market them effectively for sale or other appropriate disposition.
3. The Commission recognizes that in-fill (the building
of new structures) and adaptive reuse are legitimate preservation strategies
and in appropriate circumstances shall encourage their use either through
its own actions or through the actions of developers.
4. The Commission further recognizes that circumstances
can exist in which the recovery of funds invested in a given project may not
be assured. In such circumstances, the Commission shall endeavor to balance
the objectives of historic preservation and fund preservation by applying
the general rule that the greater the risk to recovery of invested funds
from a given project the higher the standard that shall be applied in
assessing the merits of the project under consideration.