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PINE HILLS HOTEL pleased to submit to you our proposal for the restoration, refurbishing and operation of the Pine Hills Hotel. We have been involved in the development and fine-tuning of this project since 1983. During that time we have: — Developed the conceptual design, — Researched the historical criteria that is necessary for proper compliance with the State Historic Preservation Office and the Department of the Interior, -- Worked with the local community to insure local acceptance of this project, -- Formulated a financial plan that would make the project feasible to both the developer and the State. Development bonds may or may not be a part of our financial package, but if necessary we would coordinate our efforts with the local Development Council and the County Development Authority. We would give them the necessary information that they require to proceed with the inducement resolution. We would select Laventhol & Horwath, a nationally recognized hospitality consulting and advisory firm to conduct a financial feasibility study for the Pine Hills Hotel project. We have past experience in placing historic buildings on the National Register and obtaining the tax credits. We are familiar with the Tax Reform Act of 1976, the Economic Recovery Tax of 1981, Tax Equity Act of 1982, the Tax Reform Act of 1984 along with the Treasury's proposal for 1985. We recently placed the Cox-Carlton/Hotel York in Atlanta and the Atlanta Union Mission on the National Register of Historic Places and have completed the Historic Preservation Certification Application for tax certification. We have been told that the Preliminary Determination of the Eligibility Nomination form and the Certification of Rehabilitation for the Pine Hills Hotel has been submitted, we would follow-up on this and take the steps necessary to complete all forms necessary . We have been in contact with the Historic Preservation Section of the Department of Natural Resources in Atlanta, Georgia, on this project and have done as much initial preparation as is possible at this time.
Pine Hills Document (006)