Sec. 780.302. - Definitions.

For the purpose of this Part, the following words shall have the following meanings: Assessed value means the total value of a tax parcel, excluding the value of the land, as determined by the Property Appraiser, and shown on the property tax bill sent to the owner of record by the City. Commission means the Jacksonville Historic Preservation Commission. Contributing structure or property means property determined to be a contribution property pursuant to an ordinance creating an historic district. Director means the Director of Planning and Development or the Director's designees. Owner means the owner of record. Preservation exemption covenant means the Historic Preservation Property Tax Exemption Covenant, in a form which complies with applicable Florida Statutes and accompanying rules, indicating that the owner agrees to maintain and repair the property so as to preserve the architectural, historical, or archaeological integrity of the property during the exemption period. Qualifying improvement means any change in the condition of qualifying property brought about by the expenditure of money on labor or materials for the restoration, renovation or rehabilitation of such property. Expenditures for interior or exterior work, including construction of additions or accessory structures, shall be included in the meaning of improvement for purposes of this Section. Qualifying improvement project means a project for which the property owner can document to the satisfaction of the Commission that the total expenditure on the project within the two years prior to the date of submission of the Part 2: Final Application equals or exceeds 25 percent of the assessed value of the property in the year in which the qualifying improvement project was initiated. An amount equal to $2,500, or 15 percent of the qualifying improvement project, whichever is less, must be an expenditure on work to the exterior of the historic structure. Qualifying property means (a) property designated as a historic landmark by the City or (b) property within the boundaries of an historic district designated by the City and found by the City to be a contributing property to that district. The property must be a qualifying property on the date that the historic rehabilitation tax exemption is approved by City Council. (Ord. 94-308-168, § 1) Note— Former § 790.302.