title
AD VALOREM TAX EXEMPTION FOR HISTORIC PROPERTIES - 727 E. UNIVERSITY AVENUE (B)
Ordinance No. 0-05-08
An ordinance of the City of Gainesville, Florida, finding that property at 727 E. University Avenue, 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, 2005, 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, the City Attorney has prepared an ordinance exempting certain historic property from ad valorem taxation for certain improvements as approved by the Historic Preservation Board.
This ordinance requires two public hearings and must be adopted prior to the end of this calendar year. Should the Commission adopt the ordinance on first reading; the second and final reading will be held on Monday, December 13, 2004.