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HomeMy WebLinkAbout1998-110S�'Dowmw9sWedn4c 991AmmwMIN tl ORDINANCE NO W � // AN ORDINANCE AMENDING SECTION 10-128 OF ARTICLE VI OF CHAPTER 10 OF THE CODE OF ORDINANCES OF THE CITY OF DENTON, TEXAS, TO PROVIDE FOR A CONTINUATION OF THE QUALIFICATION PERIOD FOR SEEKING PARTIAL TAX EXEMPTIONS FOR DESIGNATED HISTORIC SITES TO THE YEAR 2008, PROVIDING OWNERS THAT QUALIFY FOR A DESIGNATED HISTORIC SITE FIFTEEN (15) YEARS OF PARTIAL TAX EXEMPTION, PROVIDING FOR A SEVERABILITY CLAUSE, PROVIDING FOR A SAVINGS CLAUSE AND PROVIDING FOR AN EFFECTIVE DATE THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SE TC ION I That Chapter 10 of the Code of Ordinances of the City of Denton, Texas, be amended by revising Article IV so that hereafter Section 10-128 shall read as follows ARTICLE IV TAX EXEMPTION OF DESIGNATED HISTORIC SITES Sec 10-128 Partial Tax Exemption of Designated Historic Sites (a) Any property which is a designated historic site on the first day of January for any year beginning with 1989 and extending to and including 2008, shall be exempt form real property ad valorem taxes levied by the City of Denton to the extent of fifty (50%) percent of the assessed value of the designated historic site The exemption provided for herein shall apply for a maximum of fifteen (15) successive years, beginning with first year the property is entitled to the exemption during the specified years and continuing and including each and every year of the fourteen (14) successive years thereafter during which the property is a designated historical site on the first day of January of those fourteen (14) years (b) Immediately after the first day of January of each year, the Director of Economic Development shall notify the chief appraiser of the Denton County Appraisal District of all designated historical sites that qualify for the tax exemption for that year To receive the exemption provided herein, a person claiming the exemption must apply for the exemption by filing an application form with the chief appraiser of the Denton County Appraisal District as provided for by State law SECTION II That if any section, subsection, paragraph, sentence, clause, phrase or word in this ordinance, or application thereof to any person or circumstance is held invalid by any court of competent Jurisdiction, such holding shall not affect the validity of the remaining portions of this ordinance, and the City Council of the City of Denton, Texas, hereby declares it would have enacted such remaining portions despite any such invalidity �� wuvouw�Mv"Cp new Domnw+o�aft WMa SECTION 11 All provisions of the Code of Ordinances of the City of Denton, Texas, in conflict with the provisions of this Ordinance are hereby repealed, and all other provisions of the Ordinance of the City of Denton, Texas, not in conflict with the provisions of this Ordinance, shall remain in full force and effect SSECTION IV That this ordinance shall become effective immediately upon its passage and approval PASSED AND APPROVED this the& day of 1998 JACI LER, MAYOR ATTEST JENNIFER WALTERS, CITY SECRETARY ?PROIAS TO LEGAL FORM HERBERT L PROUTY, CITY ATTORNEY PAGE 2