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Res 11-00RESOLUTION NO. 11 - O0 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, GRANTING AN AD VALOREM TAX EXEMPTION TO DANIEL G. DIETRICH FOR THE HISTORIC REHABILIATION OF THE PROPERTY LOCATED AT 238 SE 7TM AVENUE, AS FURTHER DESCRIBED HEREIN; DETERMINING THAT THE COMPLETED IMPROVEMENTS ARE CONSISTENT WITH LAND DEVELOPMENT REGULATION (LDR) SECTION 4.5. l(M)(5); PROVIDING AN EFFECTIVE DATE. WHEREAS, the Historic Preservation Program of the City of Delray Beach, Florida (the ~ City"), is designed to preserve, protect, enhance, and perpetuate resources which represent distinctive and significant elements of the City's historical, cultural, social, economic, political, archaeological, and architectural identity; and/or serve as visible reminders of the City's culture and heritage; and WHEREAS, the citizens of Florida amended the Florida Constitution, Article VII, Section 3, to authorize counties and municipalities to grant a partial ad valorem tax exemption to owners of historic properties for improvements to such properties which are the result of the restoration, renovation, or rehabilitation of the historic properties; and WHEREAS, the City of Delray Beach City Commission has approved an ordinance providing for an ad valorem tax exemption for the restoration, renovation, and/or improvement of historic properties (Ordinance No. 50-96); and WHEREAS, the ad valorem tax exemption is one means of offering a financial incentive to increase interest in restoring, renovating, and improving the City's historic structures; and WHEREAS, Ordinance No. 50-96 provides that on completion of the review of a Final Application/Request for Review of Completed Work, the Historic Preservation Planner shall present such Final Application in a regularly scheduled meeting of the Historic Preservation Board and shall recommend that the Historic Preservation Board grant or deny the exemption; and WHEREAS, the property owners fried a Preconstruction Application and received preliminary approval from the Historic Preservation Board on September 16, 1998, for an ad valorem tax exemption for the historic renovation and restoration of the property located at 238 SE 7~ Avenue, Delray Beach; and WHEREAS, the Historic Preservation Board reviewed the Completed Work Application on January 19, 2000, for a determination that the completed improvements were consistent with LDR Section 4.5. l(M)(5) and recommends approval to grant an ad valorem City tax exemption to Daniel G. Dietrich for the restoration, renovation, and improvement to the property located at 238 SE 7th Avenue, Delray Beach. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. The City Commission hereby determines that the completed improvements to the property located at 238 SE 7~ Avenue, Delray Beach; as described in the application for ad valorem tax exemption filed with the City, were consistent with LDR Section 4.5. l(M)(5). Section 2. The City Commission hereby approves an ad valorem tax exemption to the property owners, Daniel G. Dietrich, for a ten year period, commencing on January 1, 2000, from that portion of ad valorem taxes levied on the increase in assessed value, between the years 1/1/2000-12/31/2009, resulting from the renovation, restoration, and rehabilitation of the property located at 238 SE 7~ Avenue, Defray Beach; which property is legally described as follows and which improvements are described in HPB Certificate of Appropriateness No. 336: GRACEY-BYRD, LOT 15 & THE SOUTH 10 FEET OF LOT 16, AS RECORDED IN PLAT BOOK 10, PAGE 52 OF THE PUBLIC RECORDS OF PALM BEACH COUNTY, FLORIDA. Section 3. Prior to the ad valorem tax exemption described herein being effective, Daniel G. Dietrich shall execute and record a restrictive covenant in a form established by the State of Florida, Department of State, Division of Historical Resources, requiring the qualifying improvements be maintained during the period that the tax exemption is granted. A copy of the recorded covenant shall be provided to the City's Historical Preservation Planner. Section 4. This resolution shall take effect in accordance with law. PASSED AND ADOPTED in regular session on the ls__[t day of February, 2000. ATTEST: City ~l~rk~ / 2 Res. No. 11-00