Board Agenda - April 01, 2008
g. Historic Tax Abatement 2008
Presenter: Richard Matkin
Purpose: A - Request decision - closure required
Time: No time limit
Description:
For several years, the District has cooperated with the City of Plano with regard to the Historic Structure Tax Abatement Program. The program is used to encourage the preservation of historic structures that are part of the program. This year, the City has requested that the attached list of properties be abated for 2008 as historic structures have been in the past.
List of properties is attached.
Recommendation:
The Administration recommends that we approve the Historic Structure Tax Abatement for 2008.
Business Impact:
There would be a tax revenue loss for this tax year of $88,803.94, less any applicable residence homestead exemption.
Summary:
Appendix:
List of properties
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