If my neighbors and I already maintain the historic character of our properties, why do we need an historic district?

The establishment of a district will actually protect your property.  In older neighborhoods of historic character where homeowners are of modest means, there is always a danger that new property owners will not appreciate the need for historic preservation of an area.  By having a local historic district, you can be assured that a NEW property owner across the street from your house will also maintain the historic character of the neighborhood.  

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1. Why have a local historic district in the Falls?
2. Where did the idea of a local historic district in the Falls come from?
3. Where would the historic district be?
4. How would a Falls local historic district be created?
5. Who would be members of the historic district commission?
6. If my house were to be included in the local historic district, does that mean I have to make it look more historic?
7. What kinds of things would be reviewed by a historic district commission?
8. Does this mean I can’t paint my house any color I want?
9. If my building were located in a local historic district and I were constructing an addition, what would I have to do?
10. Isn’t this just another level of bureaucracy?
11. What will happen to the value of my property if a local historic district is established?
12. If my neighbors and I already maintain the historic character of our properties, why do we need an historic district?
13. How can I learn more about why and how local historic districts are established and maintained?