G-95-04-13-10D - 4/13/1995ORDINANCE NO. v - q5I 014- /3 -- tOP
AN ORDINANCE GRANTING A PARTIAL EXEMPTION FROM AD
VALOREM TAXES FOR CERTAIN QUALIFIED HISTORICALLY
SIGNIFICANT PROPERTIES LOCATED WITHIN THE CITY LIMITS
OR ROUND ROCK, TEXAS; PROVIDING A SAVINGS CLAUSE AND
REPEALING CONFLICTING ORDINANCES AND RESOLUTIONS.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
I.
That the owners of the following real properties, described in
Exhibit "A" attached hereto, have complied with Chapter 11, Section
11.419, Code of Ordinances, (1990 Edition), City of Round Rock,
Texas.
II.
That the real properties described in Exhibit "A" be granted
an exemption of seventy-five percent (750) of the assessed value of
the structure and land for the year 1995, pursuant to the
provisions of said Section 11.419.
III.
A. All ordinances, parts of ordinances, or resolutions in
conflict herewith are expressly repealed.
B. The invalidity of any section or provision of this
ordinance shall not invalidate other sections or provisions
thereof.
Alternative 1.
By motion duly made, seconded and passed with an affirmative
vote of all the Council members present, the requirement for
reading this ordinance on two separate days was dispensed with.
KS/ORDINANCE
0R50413D
READ, PASSED, and ADOPTED on first reading this
of 40, 1995.
Alternative 2.
READ and APPROVED on first reading this the day of
, 1995.
READ, APPROVED and ADOPTED on second reading this the
day of , 1995.
/ 3day
ATTEST:
i1
NE LAND, City Secretary
2.
CHARLES C LPLPPER, Mayor
City of Round Rock, Texas
AX ABATEMENT APPLICATIONS
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DATE: April 11, 1995
SUBJECT: City Council Meeting, April 13, 1994
ITEM: 10.D. Consider an ordinance establishing tax abatement for
certain historic properties. (First Reading)
STAFF RESOURCE
PERSON: Joe Vining
STAFF
RECOMMENDATION: Approval
PURPOSE:
The purpose of the 75% municipal tax exemption is to encourage proper
maintenance, renovation, and preservation of Round Rock's historical resources.
RATING:
Planning staff ranked four of the properties at a level less than "good."
The owner of 101 E. Main Street is significantly renovating the property. The owner
projects that she will complete the renovation in May 1995. The other three
properties with less than a good rating, are located at 104 E. Main Street, 117 East
Main Street, and 109 S. Sheppard Street. Staff notified the property owners in 1994
than they must repair specific damaged features on their property to qualify for the
1995 abatement.
One property owner requested that she have an additional year (until the end of
1995) to complete the required improvements. She based her request on the Mays
and Round Rock Avenue construction impact on her property. The owner desires
to improve the facade in more ways than staff requires for the tax abatement. The
owner requested that she be able to wait until the State finishes the construction
project, so that she can make all the improvements at once.
Staff granted the request. To be fair, staff extended the period one year for all the
applicants with less than a "good" rating.
ECONOMIC IMPACT:
The estimated tax abatement for 1995 is $15,065 based on the 1994 appraised value
and a city rate of $.48896. The Williamson County Appraisal District will have the
1995 appraised values by April 30, 1995.