Fort Walton Beach Resolution — 79-58-Tax Abatement Proposals — reading text

fhrte Oh RESOLUTION No. 79- oS A RESOLUTION SUPPORTING THE RECOMMENDATION OF THE TAX REFORM COMMISSION TO PLACE TAX INCREMENT AND TAX ABATEMENT PROPOSALS ON THE CONSTITUTIONAL AMENDMENT BALLOT IN THE MARCH PRIMARY PREFERENCE ELECTION. WHEREAS; the City of Fort Walton Beach has been advised that the Tax Reform Commission will recommend to the special legislative session to be held in November, 1979, to place tax increment and tax abatement proposals on the constitutional) amendment ballot in the March primary preference election, and WHEREAS, the City of Fort Walton Beach is convinced that tax increment and tax abatement are valuable tools which should be available for use in the redevelopment of the downtown area. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WALTON BEACH, FLORIDA: Section I. That the City of Fort Walton Beach herein goes on record supporting the recommendation of the Tax Reform Commission to place tax increment and tax abatement proposals on the constitutional amendment ballot in the March, 1980, primary preference election. Section II. That copies of this Resolution shall be forwarded to our local Legislative Delegation. Section III, That this resolution being of an adminis~ trative nature shall take full force and effect immediately upon its passage and approval by the Mayor. ADOPTED Vogt 13,1979 MAYOR ATTEST be AE City Clerk Reviewed and approved by the City Attorney which will be legal when enacted by the City Council of the City of Fort Walton Beach, Florida Walter J. Smith City Attorney