TO: Mayor and Commissioners
FROM: Timothy Stillings, Planning, Zoning, and Building Director
THROUGH: Mark R. Lauzier, City Manager
DATE: August 21, 2018
Title
RESOLUTION NO. 102-18 HISTORIC PROPERTY TAX EXEMPTION REQUEST FOR 702 SE 1ST STREET
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Recommended Action:
Recommendation
Motion to Approve Resolution No. 102-18 for a historic property tax exemption request for improvements to the contributing structure and property located at 702 SE 1st Street, based upon positive findings with respect to LDR Section 4.5.1(J).
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Background:
The subject property is situated on the southeast corner of SE 7th Avenue and SE 1st Street, consists of Lot 1 and is located within the RM (Multi-Family Residential) zoning district. The original 2-story, duplex structure was constructed in 1950 and is classified as a contributing, Masonry Vernacular style structure to the Marina Historic District, a Nationally and Locally Registered Historic District.
At its meeting of August 1, 2018, the Historic Preservation Board (HPB) approved the Ad Valorem Tax Exemption associated with approved additions and alterations to the contributing structure.
Pursuant to LDR Section 4.5.1(J)(7)(d)(b), upon approval recommendation of the Historic Property Tax Exemption Application by the Historic Preservation Board, the application shall be placed by resolution on the agenda of the City Commission for approval.
The improvements, both interior and exterior, are completed, and a Certificate of Occupancy (CO) was issued on May 8, 2018. The applicant is now applying for tax exemption status for those improvements.
The item is now before the City Commission for final approval of the exemption request. If approved, the request will be forwarded to the Palm Beach County Property Appraiser’s Office and the Palm Beach County Planning and Zoning Department for recordation and final appraisal of the improvements. Additional background and an analysis of the request are provided in the attached HPB Memorandum Staff Report.
Review by Others
The HPB considered the tax exemption request at their August 1, 2018 meeting and recommended approval of the Ad Valorem Tax Exemption Application. The tax exemption will apply only to the difference in assessed value after the eligible property improvements.
City Attorney Review:
Approved as to form and legal sufficiency.
Funding Source/Financial Impact:
N/A
Timing of Request:
Approved Resolution must be forwarded to the Palm Beach County Property Appraiser’s Office and the Palm Beach County Planning and Zoning Department no later than October 1, 2018.