G-93-06-10-8A - 6/10/1993ORDINANCE NO. ! J T -' 0 SP
AN ORDINANCE GRANTING A PARTIAL EXEMPTION FROM AD
VALOREM TAXES FOR CERTAIN QUALIFIED HISTORICALLY
SIGNIFICANT PROPERTIES LOCATED WITHIN THE CITY LIMITS
OF ROUND ROCK TEXAS; PROVIDING A SAVINGS CLAUSE AND
REPEALING CONFLICTING ORDINANCES.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS, THAT:
I.
The owners of the following real properties, described in
Exhibit "A" attached hereto, have complied with §11.419, Code of
Ordinances (1990 Edition), City of Round Rock, Texas.
II.
The real properties described in Exhibit "A" be granted an
exemption of seventy-five percent (75%) of the assessed value of
the structure and land for the year 1993, pursuant to the
provisions of S11.419, Code of Ordinances (1990 Edition), City of
Round Rock, Texas.
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conflict herewith are expressly repealed.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.
READ and APPROVED on first reading this the U --day of
KS/ORDINANCJOR06103A
, 1993.
READ, APPROVED and ADOPTED on second reading this the
day of , 1993.
ATTEST:
NE LAND, City Secretary
CHARLES CULPE , Mayor
City of Round Rock, Texas
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DEPARTMENT OF PLANNING AND COMMUNITY DEVELOPMENT
DATE: June 8,1993
SUBJECT: City Council Meeting, June 10, 1993
ITEM: B.A. Consider an ordinance establishing tax abatement for certain
historic properties. (First Reading)
STAFF RESOURCE
PERSON: Joe Vining
STAFF
RECOMMENDATION: Approval
The purpose of the Historic Preservation partial tax exemption, as allowed under the
City of Round Rock Zoning Ordinance, is to encourage the renovation and
maintenance of historic structures within the City of Round Rock.
The HPC recommended approval of 26 applications on May 19, 1993. All these
applications meet the present criteria, which states that the structures be maintained in
accordance with City of Round Rock zoning ordinance specifications.
Economic Impact: Total tax abatement will equal $10,915 based on 1993 projected
assessed value and a city rate of .62479.