1998-110AN 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
~ 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 H~stonc Sites
(a) Any property which is a designated Instonc site on the first day of January for any
year beginning with 1989 and extending to and ~ncludlng 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
hereto shall apply for a maximum of fitteen (15) successive years, beginning with first
year the property is entitled to the exemption during the specified years and contlnmng
and including each and every year of the fourteen (14) successive years thereafter dunng
winch 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 Econonnc
Development shall notify the chief appraiser of the Denton County Apprtusal District of
all designated Instoncal sites that quahfy 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 w~th the chief apprmser of the Denton County
Appraisal Dlstnct as provided for by State law
~ That if any section, subsection, paragraph, sentence, clause, phrase or
word m this ordinance, or application thereof to any person or circumstance ~s held mvahd by
any court of competent jurisdiction, such holding shall not affect the vahdlty of the remalmng
portions of tins orchnance, and the City Council of the City of Denton, Texas, hereby declares ~t
would have enacted such remalmng portions despite any such invalidity
~ All provisions of the Code of Ordinances of the C~ty 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 m conflict with the provisions of th~s Ordinance,
shall remain in full force and effect
~ That this ordinance shall become effective immediately upon its passage
and approval
PASSED AND APPROVED this the~/ day 1998
ATTEST
JENNIFER WALTERS, CITY SECRETARY
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