• 72°

Salisbury City Council to receive historic tax credit presentation

By Amanda Raymond

amanda.raymond@salisburypost.com

The Salisbury City Council will be talking about historic tax credits and the Connect NC Bond Act referendum at Tuesday’s meeting.

The council will meet at 5 p.m. at 217 S. Main St.

Susan Kluttz, North Carolina Secretary of Natural and Cultural Resources, will make a presentation about the reinstatement of North Carolina Historic Tax Credits.

The state’s new historic preservation tax credits for rehabilitating historic structures became effective on Jan. 1 of this year.

Tax credits are provided for both income-producing and non-income producing historic properties.

According to the Natural and Cultural Resources website, the tax credit for income-producing properties includes 15 percent credit for up to $10 million in expenditures and 10 percent credit for expenditures between $10 million and $20 million.

Afterwards, the council will consider adopting a resolution in support of the $2 billion Connect NC Bond Act referendum.

If the referendum passes, $2 billion will be invested in long-term projects in counties across the state, including up to $7 million for Rowan-Cabarrus Community College.

North Carolina voters will decide on the referendum during the March 15 primary.

“While we have not yet formally voted as a council on this resolution, our council members fully support the bond referendum,” Mayor Karen Alexander said in a press release. “We anticipate that a successful vote on this funding package will lead to an increase in workforce development programs at our local community college following recent employee layoffs at area businesses.”

The council will also:

  • Hear presentations and open public comment about Special Community Organizations 2016-2017 city budget requests.
  • Consider closing an alley in the 400 block of North Lee Street.
  • Consider making Elliot Davis Decosimo the city’s auditors and award a $32,000 contract for auditing services for the fiscal year ending June 30, 2016, with an option for years 2017-2019.
  • Consider awarding a $400,801.25 bid to Carolina Siteworks, Inc. for street paving.
  • Hear an update about off-premise signs (billboards) within the city’s zoning jurisdiction.
  • Consider making appointments to various boards and commissions.
  • Hold a public comment session.
  • Hear comments from the city manager.

Contact reporter Amanda Raymond at 704-797-4222.

Comments

Local

City, Bell Tower Green Inc. sign agreement formally handing over maintenance responsibilities

High School

East holds off South for homecoming victory

Business

NC unemployment on 12-month streak of lower rates

High School

High school football: West comes up just short against Concord

Coronavirus

FDA says Pfizer COVID vaccine looks effective for young kids

Nation/World

Warrant: Baldwin didn’t know weapon contained live round

Crime

Blotter: Man charged with breaking into used car dealership, stealing Ford Mustang

Crime

Kannapolis man charged with accidentally killing foster brother

Business

Renting out Wrenn House is next on menu for Bell Tower Green Park

Local

City to purchase, replace floating aerator devices for wastewater treatment

Business

NC Community College president details importance of connection between businesses, educational institutions

Entertainment

Sheriff: Alec Baldwin fired prop gun on movie set that killed woman

Coronavirus

CDC panel recommends expanded COVID-19 vaccine booster rollout

News

Truck driver killed after collision with school bus in Newton

Crime

Iredell County man charged with murder after three bodies found in burned Statesville house

Crime

Massive search for Laundrie ends as FBI identifies remains in Florida

Cleveland

Nation’s largest barn quilt mural to be unveiled in Cleveland on Saturday

College

Charlotte among six schools joining American Athletic Conference

Crime

Few details available after Kannapolis shooting claims life

Business

East Spencer apparel store will host free luncheon for Breast Cancer Awareness Month

College

Catawba College receives record $200 million contribution to endowment

Crime

Blotter: Bullet holes found at Salisbury home

Crime

Rowan Sheriff’s Office releases details of NASCAR driver’s assault at coworker’s home

Elections

Council candidates discuss city’s handling of ‘Fame’ relocation, protesting, pandemic