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HomeMy WebLinkAboutA005 - Memo from Planning to Council on possible tax abatement �.- C Memo Department of Planning & Housing C47gPeople Quality Programs Frraniinnnl.Carviw TO: Mayor and City Council FROM: Jeffrey Benson, AICP, ASLA, Planner DATE: February 8, 2006 SUBJECT: Council Referral of January 10, 2006 on Retrofit Sprinkler Ordinance The City Council directed staff to investigate the possibility of tax abatement in the University Impacted Area, specifically, Greek houses, by the Council's February 28 meeting. Staff has concluded that the eligibility criteria as proposed for the East University Impacted Urban Revitalization Area would include improvements to retrofit existing Greek houses with fire sprinkler systems. (See Council Action Form for the proposed East University Impacted Urban Revitalization Area on the February 14 Council meeting agenda.) However, this proposed Urban Revitalization Area would not cover all of the properties to which the proposed sprinkler retrofit ordinance would apply. Several of these properties, including some Greek houses, are located outside this East University Impacted Urban Revitalization Area. On February 28, staff will report on several alternative approaches for providing tax abatement for sprinkler retrofit improvements for these properties.