title
HISTORIC TAX EXEMPTION (B)
ORDINANCE NO. 0-03-01
An ordinance of the City of Gainesville, Florida, finding that property at 221 S.E. 7th Street, Gainesville, Florida, qualifies for an ad valorem tax exemption for historic properties; granting an exemption from ad valorem tax on certain improvements beginning January 1, 2003, and continuing for 10 years; authorizing the Mayor and Clerk of the Commission to sign the Historic Preservation Property Tax Exemption Covenant between the applicant and the City; providing a severability clause; providing a repealing clause; and providing an immediate effective date.
recommendation
The City Commission adopt the proposed ordinance.
explanation
At the request of the City Manager, and in accordance with Sec. 25-65(e) of the Code of Ordinances, the City Attorney has drafted an ordinance exempting certain historic property from ad valorem taxation for certain improvements as approved by the Historic Preservation Board.