Legislation Details

File #: 24-0150    Version: 1 Name:
Type: Ordinance Status: Public Hearing
File created: 8/6/2024 In control: Town Commission
On agenda: 8/13/2024 Final action: 8/13/2024
Title: First Reading of Ordinance 577 50% Substantial Improvement Rule Summary: This ordinance amends the definition of "Substantial Improvement" in the Land Development code to reflect the deletion of a five year period for cumulative costs which equals or exceeds 50% of the market value of the building or structure before the improvement or repair is started.
Attachments: 1. Ordinance No. 577 (50% Substantial Improvement Rule) - PDF, 2. Ordinance No. 577 Business Impact Estimate

Summary

To: Town Commission

From: Gay Lancaster, Town Manager

Date: 8/13/2024

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Subject:

Title

First Reading of Ordinance 577 50% Substantial Improvement Rule

 

Summary:

This ordinance amends the definition of “Substantial Improvement” in the Land Development code to reflect the deletion of a five year period for cumulative costs which equals or exceeds 50% of the market value of the building or structure before the improvement or repair is started.

End

Body

Recommendation:  Staff recommends approval.

 

Proposed Motion:  Move approval of Ordinance 577 on first reading.