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Res No. 99-18 RESOLUTION NO. 99-18 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, PROVIDING FOR THE CITY'S REVOCATION OF THE HISTORIC PRESERVATION PROPERTY AD VALOREM TAX EXEMPTION FOR REAL PROPERTY LOCATED AT 212 SEABREEZE AVENUE IN THE CITY OF DELRAY BEACH, FLORIDA; PROVIDING FOR CONFORMANCE WITH REVOCATION PROCEDURES SET FORTH BY THE CITY'S LAND DEVELOPMENT REGULATIONS AT SUB-PARAGRAPH 4.5.1.T(10) ALONG WITH SUB-SECTION 196.1997(7), FLORIDA STATUTES;FURTHER PROVIDING FOR NOTICE OF FINANCIAL PENALITES DUE UNDER BOTH THE STATE LAW AND THE RECORDED TAX EXEMPTION COVENANT AS A RESULT OF THE REVOCATION OF THE TAX EXEMPTION PRIOR TO ITS NORMAL EXPIRATION DATE AS STATED IN THE HISTORIC PRESERVATION COVENANT; PROVIDING DIRECTION TO THE CLERK; PROVIDNG FOR EFFECTIVE DATE; AND FOR OTHER PURPOSES. WHEREAS, the City of Delray Beach, Florida,has received a request by the current owner of-teal located at 212 Seabreeze Ave. to remove portions of the structures at this site which would result property P in a revocation of the CC tYax Exemption P Historic Preservation Property TEtion Covenant" recorded at ORB 24208 Pages 718-721 on November 22, 2010 (the "Covenant");and J WHEREAS, Sub-paragraph 4.5.10)(10) of the City's Land Development Regulations (LDR s) provides the process and the authority for the Historic Preservation Board (the "Board") to recommend to the Ci Commission that the historic reservation ad valorem tax exemption be revoked; and City P P WHEREAS, the City Commission then reviews such Board recommendation, which if approved, then adopts a resolution revoking the exemption and provides a notice to the owner of the financial penalties resulting from the revocation pursuant to both Paragraph 8 of the Covenant and also to Sub-section 196.1997(7), Florida Statutes; and WHEREAS, upon revocation of the historic property tax exemption the owner is required to pay the difference between the total amount of taxes which would have been due in Match in each of the previous years in which the Covenant was in effect had the property not received the exemption and the total amount of taxes actually paid in those years,plus interest in the difference calculation as provide in Sec. 212.12(3), Florida Statutes; and 1 RES NO 99-18 Vie'"' t rm and 1 ah R.Max Lohnm n, Cly Attorney 3 RES NO 99-18