805-02 Tax Exemption for Historic Projects

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, . OR BK 4975 PG 780 3 of 4 be rehabilitated or renovated is a historic property under this Section. (4) Proof, to the satisfaction of the Historic Preservation Board that the improvements to the property will be consistent with United States Secretary of Interior's Standards for Rehabilitation and will be made in accordance with guidelines developed by the Department of State. (5) Other information identified in appropriate Department of State Regulations. (V) Required Covenant. To qualify for an exemption, the property owner must enter into a covenant or agreement with the City Council of the City of Zephyrhills for the term.for which the e emption is granted. The form of the covenant or.agreement must be established by the Department of State and must require that the character of the property, and the qualifying improvements to the property,be maintained during the period that the exemption is granted. The covenant or agreement shall be binding on the current property owner, transferees, and their heirs; successors, or assigns. Violation of the covenant or agreement results in the property owner being subject to the payment of the differences between the total amount of taxes which would have been due in April of each of the previous years in which the covenant or agreement was in effect had the property not received the exemption and the total amount of taxes actually paid in those years, plus interest on the difference calculated as provided in Section 212.12 (3) of the Florida Statutes. (VI) Review of Historic Preservation Board. The Historic Preservation Board, or its successors, is designated to review applications for exemptions. The Historic Preservation Board must recommend that the City Council of the City of Zephyrhills grant or deny the exemption. Such reviews must be conducted in accordance with rules adopted-by the-Department of State. The recommendation, and the reasons therefor must be provided to the applicant and to the City Council of the City of Zephyrhills before consideration of the application at an official meeting. (VII) Approval by the City Council of the City of Zephyrhills. A majority vote of the City Council shall be required to approve a written application for exemption. Such exemption shall take effect on the 1st day of January following substantial completion of the improvement. The City Council shall include the following in the resolution or ordinance approving the written application for exemption: (1) The name of the owner and the address of the historic property for which the exemption is granted. (2) The period of time for which the exemption will remain in effect and the expiration date of the exemption. (3) A finding that the historic property meets the requirements of this Section.. SECTION IL That all ordinances or parts of ordinances inconsistent or in conflict herewith shall be and they are hereby repealed insofar as there is conflict or inconsistency. SECTION Ili. This Ordinance shall become effective immediately upon its passage and signing by the Mayor. The foregoing Ordinance No. d OE-0-was read and passed on its first reading in open and regular meeting by the City Council of the City of Zephyrhills, Florida, on this /3 day of A.D., 2002.