| OCR Text |
Show : 1: ~) 7r · ' ' . ·~· "'· ~::;0~, : ( )'IEU i". U 4 ~ r /_ : = Of ur/-- , (l ~;=. 4~i'..s :-:. ~r or: !. .:"" ." ,' . '-t HY E: CC-=":C·.ltC D7 ·.j:.'_ 0 ;..·.·~·, : Utah County COmrrli ssi on County Building Provo, Utah Division of State History IUT AH STA IE HISTORICA" SOCIETY) SALT LJ,;{ECITY. UT,\,< : ·!'Ol TElE?HON" 801/53 3·5' 05 Dear Commissioners: The properties known as the Thomas Austin ~ouse, 427 East 500 North, lehi; Harry R. Merrihew Drug Store/State Bank of Lehi, First West anrl Main Streets, Lehi; and Lehi City Hall, Lehi, Utah County, have been proposed for nomination to the National Register of Historic Places. The National Register is the nation's list of historic huildings anrl other cultural resources worthy of preservation. J am enclosing a copy of the standards under which properties are eval uated. . I would like to inform you of several provisions of the law effecting properties on the National Re~ister: O...mers of private properties li sted on the National Rpgi ster may app1y for fecferal matching grants for preservation and .·estoration work. Under present guidelines if an owner ohjects to listin9 of his property then it will not he listed on the National Register of Historic Places. Any action involving the Federal government which may affect a property on, or eligible to he on, the National Register must be reviewed by the Advisory Council on Historic Preservation established by Congress unner the National Historic Preservation Act of 196fi. This review is intended to help, if possihle, avoid damage to the historic character of the property. . If a property listed on the National Register is depreciable, that is, an income or commercial property, there are also certain provisions of the Tax Reform Act of 1976 that may apply. Section 2l?4 of the Tax Peform Act of 1976 encourages preservation of historic depreciable structures by allowing favorahle tax treatments for rehahilitations. In addition, it discourages nestruction of historic hllil~ings by eliminating certain otherwise available Federal tax benefits hoth for demolition of historic structures and for new construction on t~e site of demolished historic buildings. These provisions do not apply to orivate residences. We can supply additional information onan ;nfot1l1al oasis. I)ut YOll should consult with an official of the Internal Revenue Service ahout the appl;c~tion of the law to the property. If the prop~rt:i contains coal resources anri ;s lister! in the ~!ationa' Pegister, certain provisions of the Surfac~ ~ininq and Control Act of lq77 make it less likely that surface mining of the coal 'rIill he permittecf hy the State or Federal Government. S!ate H'st:>ry Roald : MIllon C Abrams. ChaH""<ln • Tr>eron H. Lu~. e • T!!d J Warner • H l.aO" th MO'ltague • ThomasG. Ale.and..r O'!!lo G Odyton • Wilyne K H.,,!on • H<::leo Z. Pap3o,ko1as • 0 3 ...~ S "tonse" • Ehl.1t)e th G' .lt,th • William 0 Owens "r ~() |
