Rhode Island General Laws 44-4.1-5. Restrictive covenant required
No historic residence, or historic commercial structure, maintained or rehabilitated may benefit from the provisions of this chapter unless the owner of the historic residence, or historic commercial structure, grants a restrictive covenant to the commission, agreeing that the historic residence, or historic commercial structure, shall retain its use and be maintained in a manner which preserves the historic character of the historic residence or historic commercial structure’s rehabilitated portions historic character for a period equal to the length of the property tax reduction or until title to the property is transferred.
History of Section.
P.L. 1988, ch. 549, § 1; P.L. 2006, ch. 302, § 1; P.L. 2006, ch. 478, § 1.
Terms Used In Rhode Island General Laws 44-4.1-5
- Commission: means the Rhode Island historical preservation and heritage commission created pursuant to § 42-45-2, or for purposes of the historic commercial structure property tax reduction in Warren, the local historic district commission in Warren; or for purposes of the historic structure property tax reduction in Narragansett, the local historic district commission in Narragansett; or for purposes of the historic structure property tax reduction in Cumberland, the local historic district commission in Cumberland; or for the purposes of the historic residence or historic commercial structure property tax reduction in North Smithfield, the local historic district commission in North Smithfield. See Rhode Island General Laws 44-4.1-2
- Historic commercial structure: means : a historic structure in Warren or North Smithfield utilized for commercial purposes, whole or in part, and that is:
(i) Listed individually in the state register of historic places; or
(ii) Located in a district listed in the state register of historic places and certified by the commission as contributing to the historic character of that district; or
(iii) Located in a local historic district zone as designated by the town under chapter 24. See Rhode Island General Laws 44-4.1-2
- Historic residence: means a historic residential property or historic accessory structure that is not of a character subject to federal depreciation allowance pursuant to 26 U. See Rhode Island General Laws 44-4.1-2