O-92-2574 - 6/11/1992ORDINANCE NO. 25 7
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 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 (75%) of the assessed value of the
structure and land for the year 1992, 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conflict herewith are expressly repealed.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.
READ, PASSED, and ADOPTED on first reading this '- day of
, 1992.
OR06112C
Alternative 2.
READ and APPROVED on first reading this the day of
, 1992.
READ, APPROVED and ADOPTED on second reading this the day
of , 1992.
ATTEST:
J(NNE LAND, City Secretary
2.
MIKE ROBINSON, Mayor
City of Round Rock, Texas
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DEPARTMENT OF PLANNING AND COMMUNITY DEVELOPMENT
DATE: June 9, 1992
SUBJECT: City Council Meeting, June 11, 1992
ITEM: 9.C. Consider an ordinance approving tax abatement for certain
historic properties. (First Reading)
RESOURCE PERSON: Joe Vining
STAFF
RECOMMENDATION: Approval
The HPC recommended approval of 26 applications. All these applications meet
the present criteria, which states that the structure be maintained in accordance with
minimum property, structural and health standards.
Economic Impact: Total tax abatement will equal approximately $10,372. This is
based on the 1991 assessed value and the present city tax rate of
.62479.