HomeMy WebLinkAboutR2005-020RESOLUTION NO. f~¡}()5-¡};;: tJ
A RESOLUTION OF THE CITY OF DENTON, TEXAS APPROVING THE ELIGIBILITY OF
THE STRUCTURE LOCATED AT 208 W. OAK, DENTON, TEXAS FOR TAX EXEMPTION
FOR HISTORICALLY SIGNIFICANT SITES PURSUANT TO CHAPTER 10, ARTICLE VII
CODE OF ORDINANCES OF THE CITY OF DENTON, TEXAS; AUTHORIZING CITY
MANAGER TO EXECUTE A TAX EXEMPTION CERTIFICATE; AND DECLARING AN
EFFECTIVE DATE.
WHEREAS, the City has a policy to grant a partial tax exemption for historically
significant sites as established by Chapter 10 "Finance and Taxation", Article VII of the Code of
Ordinances of the City of Denton, Texas; and
WHEREAS, the property located at 208 W. Oak, Denton, Texas meets the requirements
of a historically significant site since it is a commercial or residential structure, 50 years old or
older, and is within the boundaries of the Downtown Commercial District as defined in Sec. 10-
131 of the Code of Ordinances of the City of Denton, Texas; and
WHEREAS, the owner has met all requirements for eligibility for the tax exemption; and
WHEREAS, the Historical Landmark Commission has unanimously recommended the
approval of the exemption at its meeting of April 4, 2005; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF DENTON HEREBY RESOLVES:
SECTION 1. That the structure located at 208 W. Oak, Denton, Texas has met all the
requirements of Chapter 10, Article VII of the Code of Ordinances of the City of Denton, Texas
as amended by Ordinance 98-116 and is eligible for the tax exemption for historically significant
sites.
SECTION 2. That the City Manager is hereby authorized to execute a tax exemption
certificate upon verification of completion of repairs and renovation for the property located at
208 W. Oak, Denton, Texas.
SECTION 3. The exemption shall only apply to the historic structure and the land
reasonably necessary for access to, and use thereof, by abating any increase in the assessed value
for ad valorem tax purposes in excess of the assessed value of the property for the tax year
immediately prior to the renovation, for a period of ten years following the completion of the
renovation.
SECTION 4. That this resolution shall become effective immediately upon its passage
and approval.
PASSED AND APPROVED this thed4~ay of VJ¿ ~ ,2005
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EULINE BROCK, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
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APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, INTERIM CITY ATTORNEY
BY:UL 17~-
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