04&-05-A Historic Tax Exemption - Laserfiche WebLink

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Commission, upon receipt of the sworn statement of completion, but no later than thirty (30) days thereafter, shall make an investigation of the property and shall approve or disapprove that the property has been completed as required. If the repair or renovation deviates in any way from the plans approved by the Historic Preservation Commission or the City’s code officials, verification of completion shall be deemed unfavorable, and the applicant shall be required to complete or correct the repair or rehabilitation in order to obtain the tax exemption provided by this Article, or appeal the City Manager’s or Historical Preservation Commission’s decision to the City Council. When the verification of completion receives a favorable review by the Historic Preservation Commission, the Commission shall notify the City Manager in writing of compliance. Thereafter, if the City Manager is likewise satisfied, the City Manager shall enter into a tax exemption agreement and execute a tax exemption certificate and forward same to the Lamar County Appraisal District. If required by the Lamar County Appraisal District, the City Manager or designee shall provide annually a list of sites eligible for tax exemption under this Article. Sec. 30-54. Property appearance guidelines. Properties that receive tax exemption in accordance with this Ordinance shall be maintained in accordance with the requirements of the Historic Preservation Ordinance and all applicable City codes. Sec. 30-55. Alternation or destruction of property; recapture of taxes for non- compliance. (a)During the exemption period, if the City Manager or his designee, or the Historic Preservation Commission, have reason to believe that a structure receiving tax exemption pursuant to this Article has been altered or totally or partially destroyed without compliance with all applicable City codes and ordinances, or allowed to deteriorate by the willful act or negligence of the owner or his/her representative, the City Manager or his designee shall immediately cause the matter to be scheduled for consideration by the City Council. If, after giving notice and hearing to the owner, the City Council determines that the structure receiving tax exemption pursuant to this Article has been totally or partially destroyed or altered without compliance with all applicable City codes and ordinances, or allowed to deteriorate by the willful act or negligence of the owner or his representative, then the tax exemption agreement shall terminate, all exemption of taxes shall likewise terminate, and the current owner shall immediately repay to the City and all other local taxing entities all of the tax revenues that were not paid because of the exemption plus interest calculated at an annual rate of seven percent (7%). This provision shall not apply to destruction or alterations that result from acts of God. (b)If the tax exemption certificate executed by the City Manager is timely recorded by the owner of the site in the Deed Records of Lamar County with the approved application, the tax exemption authorized above shall constitute a covenant running with the land for the seven (7) year period provided in this Article. Likewise, any tax exemption approved in accordance with this ordinance shall apply for future owners of the affected property for the remainder of the seven (7) year term, provided the owner or owners execute an assignment -5-