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File #: 2025-0836-E    Version: 1 Name:
Type: Ordinance Status: Awaiting Mayor's Signature
File Introduced: 11/12/2025 In control: City Council
On agenda: 12/9/2025 Final action: 12/9/2025
Effective date:    
Title: ORD re a Partial Ad Valorem Property Tax Exemption for Rehab of a Local Landmark Located at 525 W Beaver St, Owned by 525 Beaver, LLC; Prov for Exemption From that Portion of Ad Valorem Taxation Levied by COJ on 100% of the Increase in Assessed Value Resulting from the Qualifying Improvement Proj, Pursuant to Sec 780.303, Ord Code; Prov for an Exemption Period of 10 Yrs Beginning on January 1st of the Year Following the Year in which the Council Enacts this Ordinance, Pursuant to Sec 780.304, Ord Code; Waiving the Requirement of Sec 780.335 (Completion of Work), Pt 3 (Tax Exemption for Rehabilitation of Historic Landmarks & Properties in Historic Districts), Ch 780 (Property Tax), Ord Code, that an Applicant Must Complete Work within 2 Yrs Following the Date of Appvl of a Preconstruction Appl (Schell) (Introduced by NCSPHS) 11/12/25 CO Introduced: NCSPHS, F 11/17/25 NCSPHS Read 2nd & Rerefer 11/18/25 F Read 2nd & Rerefer 11/25/25 CO PH Read 2nd & Rerefer 12/1/25 NCSPHS Amend/Approve 6-...
Introducer and/or Co-Sponsor(s): Neighborhoods, Community Services, Public Health a
Assigned Committees: FINANCE, NCSPHS
Legislation Documents: 1. 2025-836 Original Bill, 2. 2025-836 On File, 3. 2025-836 Bill Summary, 4. 2025-836 BIE, 5. 2025-836 NCSPHS Amd
Final documents: 1. 2025-836-E