File #: 2024-0884    Version: 1 Name:
Type: Ordinance Status: Public Hearing
File Introduced: 11/12/2024 In control: City Council
On agenda: 11/26/2024 Final action:
Effective date:    
Title: ORD Regarding a Partial Ad Valorem Property Tax Exemption for Rehab of a Local Landmark Located at 700 E Union St, Owned by East Union Property Owner, 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 Years Beginning on January 1 of the Year Following the Year in Which the Council Enacts this Ord, Pursuant to Sec 780.304, Ord Code; Waiving the Conflicting Provisions of Sec 780.303 (Historic Rehabilitation Tax Exemption) & 780.305 (Application), Pt 3 (Tax Exemption for Rehabilitation of Historic Landmarks & Properties in Historic Districts), Ch 780 (Property Tax), Ord Code, to Grant the Exemption for a Substantially Complete Proj; Waiving 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, ...
Introducer and/or Co-Sponsor(s): Neighborhoods, Community Services, Public Health a
Assigned Committees: FINANCE, NCSPHS, RULES
Legislation Documents: 1. 2024-884 Original Bill, 2. 2024-884 On File, 3. 2024-884 BIE, 4. 2024-884 Bill Summary