HomeMy WebLinkAboutA003 - Council Action Form dated June 12, 2001 4 (9 Ord . 3393
ITEM # C29
DATE 6/12/01
COUNCIL ACTION FORM
SUBJECT: RESOLUTION APPROVING EXTENDING TIME FOR FILING FOR TAX
EXEMPTION WITH RESPECT TO A PROPERTY IN URBAN REVITALIZATION AREA
NUMBER SIX.
BACKGROUND:
On May 22, 2001 the City Council referred to staff a request to take the steps necessary
to extend the filing time for tax exemption for property at 3408 Emerald Drive located in
Urban Revitalization Area #6. The property owner of the new home had intended, in 1999,
to apply for the Urban Revitalization Area tax abatement program but had actually applied
for the Homestead Tax Credit Program. The new owner would like to take advantage of
the Urban Revitalization Program. The new owner has filed an Urban Revitalization
Application Form asking for a three year tax abatement schedule beginning in year 2001.
City staff is recommending the extension of the time for filing through March 1, 2002. This
will be in respect to the improvements first assessed for the assessment year 2000
effective for the assessment years 2001, 2002, and 2003.
ALTERNATIVES:
1. The City Council can approve extending the time for filing of tax exemption with
respect to property located at 3408 Emerald Drive.
2. The City Council can deny extending the time for filing of tax exemption with respect
to property located at 3408 Emerald Drive.
3. The City Council can direct staff to look at other alternatives.
MANAGER'S RECOMMENDED ACTION:
It is the recommendation of the City Manager that the City Council adopt Alternative #1.
This action will approve the extension of time for filing of tax exemption with respect to
property located in Urban Revitalization Area #6 (3408 Emerald Drive), which will allow a
three-year, 100% tax abatement.
COUNCIL ACTION: