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HomeMy WebLinkAboutRES 92-326 ega— �� RESOLUTION WHEREAS, tax abatement is predicated on a finding that the Santa Fe Depot Building is a historically significant site in need of tax relief to encourage preservation; and, WHEREAS, the Historic Landmark Commission has met and considered this application and has found the site to be a historically significant site in need of tax relief to encourage preservation and certified this fact to the Planning Director of the City of Beaumont; and, WHEREAS, the City's Planning Director has forwarded the application to the City Council, as required by the ordinance of the City of Beaumont; and, WHEREAS, the Council desires to approve the eligibility of the property for tax relief pursuant to the ordinances of the City of Beaumont; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the application for tax exemption for the Santa Fe Depot Building described in Exhibit "A" and Exhibit "B" attached hereto and made a part hereof for all purposes is hereby approved and the City Council hereby affirmatively finds that all the requirements of Article IV of Chapter 25 of the Code of Ordinances of the City of Beaumont, as amended, have been met and that the site is a historically significant site in need of tax relief to encourage preservation and that, in accordance with the ordinances of the City of Beaumont, the assessed value for ad valorem taxation of the subject tract and property shall be equal to the assessed value prior to preservation for a period of ten (10) years. This exemption shall begin on the first (1st) day of the first (lst) tax year after verification of completion of the preservation required for certification, provided that the provision of Section 25-28 of the Code of Ordinances have been met and that such verification is made by the City of Beaumont Historical Landmark Commission. PASSED BY THE CITY COUNCIL of the City of Beaumont this the -?*day of 1992. - Mayor -