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5100-24 Confirming Resolution - Real Property Tax Abatement 123 North Dr. Martin Luther King Jr. Boulevard
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5100-24 Confirming Resolution - Real Property Tax Abatement 123 North Dr. Martin Luther King Jr. Boulevard
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11/14/2024 9:34:15 AM
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11/6/2024 1:33:08 PM
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City Council - City Clerk
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Resolutions
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EXHIBIT A <br /> Abatement Schedule <br /> Subject to the adoption by the SBCC of a resolution confirming the adoption of Declaratory Resolution <br /> No. 5096-24, the property owner is qualified for and is granted a hotel/motel development real <br /> property tax abatement for a period of nine(9) years as shown by the schedule outlined below. <br /> Year 1 - 100% <br /> Year 2 - 100% <br /> Year 3 - 100% <br /> Year 4 - 95% <br /> Year 5 - 90% <br /> Year 6 - 85% <br /> Year?-80% <br /> Year 8 -75% <br /> Year 9-70% <br /> 6 <br />
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