11-D Tax Exempt Hist Distr Ord - Laserfiche WebLink

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repair or rehabilitation meets or exceeds the amounts established in Section 30-50 (d) (3) of this Article. In the instance of new, historically compatible construction, Applicant must also present documentation verifying that the cost of the new, historically compatible construction meets or exceeds the amounts established in Section 30-50 (d) (4) of this Article. The City Manager, or his designee, and the Historic Preservation 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, renovation, or new, historically compatible construction 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, rehabilitation, or new construction 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.” Section 6. That Article IV to Chapter 30 of the Code of Ordinances of the City of Paris, at Section 30-55 (b), shall be and is hereby amended to refer to new, historically compatible structures, said amended Section 30-55 (b) to read as follows: “Sec. 30-55 Alteration or destruction of property; recapture of taxes for non- compliance. * * * (b) If the Tax Exemption Certification 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 herein shall constitute a covenant running with the land for a period of three (3) years as provided in Section 30-50 (c) of this ordinance or for a period of seven (7) years as provided in Section 30-50 (b) of this ordinance. Likewise, any tax exemption approved in accordance with this ordinance shall apply for future owners of the affected property for the remainder of the three (3) year or seven (7) year term (whichever is applicable), provided the owner or owners execute an assignment of the tax exemption agreement in such form as the City shall specify. Should the current owner of the site ever cease to comply with the terms of the application, the tax exemption agreement, or this Article during the applicable three (3) year or seven (7) year period, the exemption may be revoked for the years remaining within the applicable three (3) year or seven (7) year period, -6-