TO: Mayor and Commission AGENDA DATE: 12/23/2024
FROM: City Manager AGENDA ITEM: 4 - B
SUBJECT:
Title
Public Hearing - Resolution No. 2024-81, Making a contingent finding pursuant to Section 196.1978(3)(o), Florida Statutes, based on the 2024 Shimberg Center for Housing Studies Annual Report; electing to not exempt certain property from ad valorem taxation under the Live Local Act subject to that finding, as allowed under Section 196.1978(3)(o)(2024).
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LOCATION:
N/A
COST:
N/A
SOURCE OF FUNDS:
N/A
ORIGINATING DEPARTMENT:
Planning and Development Services
POTENTIAL MOTION:
Recommendation
“I hereby move to approve Resolution No. 2024-81.”
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BACKGROUND:
Background
If the Shimberg Center for Housing Studies 2024 Annual Report shows a surplus in the Deltona-Daytona Beach-Ormond Beach, FL Metropolitan Statistical Area (MSA), than the City is eligible to adopt a Resolution to not exempt properties that would otherwise be eligible for the Live Local Property Tax Exemption by a two-thirds majority vote. In order to make the statutory deadline, the Resolution makes a finding contingent upon the results of the 2024 Annual Report.
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