18 - RESIDENTIAL TAX ABATEMENT PROGRAM - UPDATEItem No. 18
memorandum
TO: City Council
John Godwin, City Manager
FROM: Kent McIlyar, City Attorney
SUBJECT: Residential Tax Abatement Program- Update
DATE: January 7, 2014
BACKGROUND: The City Council adopted a Residential Tax Abatement Program and
Reinvestment Zone on October 14, 2013. The Reinvestment Zone for residential tax abatements
included single family zoning in Council Districts 1 -5. Eligibility for tax abatement required
construction of a new single - family structure or an addition or renovation of an existing single -
family structure in a minimum amount of twenty percent (20 %) of the appraised value of the
existing structure.
STATUS OF ISSUE: The City has received eight applications for Residential Tax Abatement to
date, six of which were approved in 2014 and two new applications currently under review. All
eight applications were for new single - family houses, no renovations or additions. A table is
attached which shows the location of the new single - family home projects requesting tax
abatement by City Council District.
BUDGET: N/A
RECOMMENDATION: Provide direction to staff.
E
Qi
a-j
cz
Cz
r.
CU
V)
a�
U
N
Cz
Cz
d-J
V)
5-,
O
M
N
CZ O
rl
C
4-�
a-+
fCi
O
a
U
� U
N
L
O
C
E
7
2
E
m
E
O
=
L
0
f0
=
T
�
O0
Y
O
O
L
O
N
=
41
C
O0
V
N
m
CCU
G
f6
ujj
�
v
C
�
C
C
3
—
aJ
U
cc
}
a)
0
0
O
�L
a)
1
c
O0
U
E
(� iJ
a--+
0
L
LL
tO
00
O
rN-I
O
rr4
N
Ln
O
rNi
O
rNi
Ol
co
r-
.r-ii
.0
U
4--J
U
Ln
N
N
r-I
N
r-I
d
Ln
ai
'L
Q
N
Q
N
L
a�
N
C
O
Y
C
3:
N
(0
LU
a-+
w
m
fC
L
Q
a
]G
L
L
i
i
cc�
G
W
Z
"
a-+
L
4
7
m
v
C
m
C
O
m
�,
L
i
2
oA
C
!✓
a)
U
•I?
Ln
M
ri
M
Z
M
Ln
Il
r-I
Ol
CL
Ol
m
O
Lu
m
a
to
Cr
I-
N
l0
ri
M
r-I
Tt
II
r-1
r-I
N
r-I
Il-
r-
M
M