La. Admin. Code tit. 13 § I-907

Current through Register Vol. 50, No. 11, November 20, 2024

Section I-907 - Project Documentation

A. Application is to be filed with the Office of Commerce and Industry. Please return four application forms (RTA1) completed, signed and notarized. The application should include a complete description of the project. Attach additional pages if necessary. In addition, two complete sets of the addendum documentation, Paragraphs B.1-6 and either Paragraphs B.7 or 8 are required for all projects. For projects involving owner-occupied residences Paragraphs B.9 and 10 must also be included. The Office of Commerce and Industry may request additional information.

B. The following addendum documentation must be submitted with the application (please denote each document with one of the numbers below):

1. proof of ownership: act of sale or option to acquire the property;

2. a legal property description (suitable for insertion into the exemption contract-retype if necessary), a plot map; a copy of the building permit issued for the project;

3. picture of the structure before beginning the project and a rendering of the structure as it will appear after completion of the project;

4. names and addresses of all owners (the general partner(s) or, the principal stockholders of the corporation);

5. the assessed value of the structure only (improvements) and the taxes paid on the structure only;

6. a copy of the tax invoice for the year prior to commencement of the project from the parish assessor;

7. certification from the local governing authority that the structure is in a downtown development district, an historic district, or an economic development district specifically designated as such for this program;

8. if the project is a "certified historic structure" as defined in §905 B, Certification from the Louisiana Department of Culture, Recreation, and Tourism, Division of Historic Preservation that the project meets the National Park Service requirements for restoration projects known as The Secretary of the Interior's "Standards for Rehabilitating Historic Structures." This is mandatory if the project is located in downtown New Orleans or downtown Shreveport;

9. a statement certifying that the minimum rehabilitation cost incurred to the owner-occupied residence project will be equal to or greater than 25 percent of the assessed valuation of the improvements located on the property prior to the commencement of the expansion, restoration, improvement, or development; and

10. a statement certifying that the owner-occupied residence project will be completed within a 24-month period.

La. Admin. Code tit. 13, § I-907

Promulgated by the Department of Commerce, Office of Commerce and Industry, Finance Division, LR 11:98 (February 1985), amended LR 12:665 (October 1986), amended by the Department of Economic Development, LR 18:253 (March 1992).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:4311-4319.