HomeMy WebLinkAboutResolution No. 1991-02RESOLUTION NO. 91 -02
A RESOLUTION OF THE CITY OF CAPE--
CANAVERAL SUPPORTING STATEWIDE LEGIS-
LATION TO REQUIRE ASSESSMENT FOR AD.
VALOREM TAX PURPOSES OF NEW AND IMPROVED
CONSTRUCTION AT THE TIME OF ISSUANCE OF
THE CERTIFICATE OF OCCUPANCY; PROVIDING
,AN EFFECTIVE DATE. -
WHEREAS, current law does not require property appraisers to
place new and improved. construction on the tax rolls at the time
of issuance of the Certificate of Occupancy and therefore, such
new and- improved construction does not yield ad valorem tax
revenue for the first twelve to eighteen months after the Certi-
ficate of Occupancy is issued; and
WHEREAS, new and improved construction receives the benefits
of municipal services from the time of issuance of the building
permit; and
WHEREAS, providing municipal services for new and improved
construction without any tax revenue therefrom casts an
inequitable financial burden upon municipalities; and
WHEREAS, the deferral of assessment of new -and -improved
construction for ad valorem tax purposes until January 1st of the
year .following completion of construction requires present
taxpayers to subsidize services for new and improved growth
through current taxes for the first twelve to eighteen months
after issuance of the Certificate of Occupancy;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Cape Canaveral, Brevard County, Florida as follows:
SECTION 1. The City of Cape Canaveral supports the proposed
legislation calling for partial year assessment of new and
improved construction for ad valorem tax purposes as a fair and
equitable method of generating the tax revenues needed to fund
the municipally rendered services to and for the benefit of such
new and improved construction.
SECTION 2. That a copy of this Resolution be sent to the
Florida League of Cities, and to the Brevard County Legislative
Delegation.
Resolution No. 91 -02
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SECTION 3. This Resolution shall take effect immediately
upon adoption.
ADOPTED BY the City Council of the City of Cape Canaveral,
Florida, this 5th day of February , 1991.
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Resolution No. 91 -02
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