Summary
To: Town Commission
From: Cathy DeKarz, Management Analyst
Date: 11/20/2018
______________________________________________________________________
Subject:
Title
1574 Druid Road South: Historic Tax Abatement Discussion
Summary:
At its November 13 meeting, the Historic Preservation Board preliminarily approved a historic tax abatement for proposed improvements and construction on the historic property owned by Ms. Katherine McCormick (and being applied for Mr. Phillip and Mrs. Amanda Wolf) at 1574 Druid Road South.
There is no action required at this time; however, the Commission will have a responsibility to set parameters on the abatement once construction is complete.
End
Body
Previous Commission Action: N/A
Background/Problem Discussion: Per our Code, historically-recognized properties in the Town of Belleair may be eligible for a historic tax abatement on improvements that are deemed appropriate by the Historic Preservation Board according to the United State Secretary of the Interior’s Standards for Rehabilitation and the Florida Administrative Code.
Last week, the Board (acting as the Local Historic Preservation Office) approved the following improvements for 1574 Druid Road South via site plans, write-ups, photographs, and testimony provided by the property owner and from Mr. Luis Serna and Mr. Chris Brimo of Calvin, Giordano & Associates:
• Site landscaping clean-up
• Construction of brick paver courtyard/paths/drive
• Rehabilitation of front façade, porches, and side porches
• Doors and window upgrades/replacements
• Siding and trim restoration
• Guest house repairs and improvements
• Carport/garage conversion
• Backyard improvements (including pool refurbishment and porch renovations)
• Improvements to interior spaces and walls
No action is required of the Commission until after construction is complete; however, the process moving forward is broken out as follows:
1. Work is completed
2. The applicant submits “Part 3 - Request for Review of Completed Work” of DOS Form HR3E101292 to the Town
3. The Historic Preservation Board (acting as the Local Historic Preservation Office) reviews “Part 3” and makes a recommendation to the Commission along with a proposed covenant for the abatement
4. The property appraiser determines the assessed value of improvements in order to calculate potential abatement impacts
5. The Commission, by resolution, approves or denies the abatement with a majority vote
6. The Commission sets a percentage of the assessed value of improvements for property tax abatement (0-100%), for which the resulting dollar value will be fixed for the duration of the 10-year abatement
7. A covenant is signed and entered into between the property owner and the Commission, which must be approved by the Florida Department of State
8. The tax abatement shall take effect on January 1 of the year following the resolution
9. The Commission submits a copy of the completed DOS application to the property appraiser by March 1 of the year following the resolution. With this, the property appraiser shall complete an inspection and make a report to the Commission on the state of the abated property via its compliance with the application
Expenditure Challenges N/A
Financial Implications: If granted post-construction, the proposed improvements may be eligible for up to a 100% property tax abatement for up to 10 years. The percentage will be set by the Commission upon the completion of construction.
Recommendation: N/A
Proposed Motion N/A