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HomeMy WebLinkAboutSummary Form SR/FRDate: 3/22/2007 Commission Meeting AGENDA ITEM SUMMARY FORM FILE ID: 0Th 00 5 la 1°A7- )ate J2 t307 Requesting Department: Planning District Impacted: ALL Type: n Resolution ® Ordinance r Emergency Ordinance n Discussion item Other Subject: Historic Preservation Ad Valorem Tax Exemption Purpose of Item: To create an incentive for historic property owners who make improvements to their properties by exempting the increased value of the improvement from the city's ad valorem taxes for a period of up to ten (10) years. Background Information: Please see attached Budget Impact Analysis YES Is this item related to revenue? NO Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: Final Approvals (SIGN AND DATEI CIP Budget `)`i) If using or receiving capital funds Grants Risk Management , Dept. Director '�'r/TGJC-{ ij City Manager (/ Y Page I of 1