§ 9.55.050. Limitations on eligibility.

(a)

A Mills Act contract shall be limited to qualified historic properties as defined in Section 9.55.040.

(b)

A Mills Act contract shall be limited to:

(1)

Properties in need of restoration and/or rehabilitation at the time of application; and

(2)

Properties that have been restored and/or rehabilitated prior to the adoption of the ordinance from which this chapter is derived, provided that such restoration was conducted after January 2010, and the applicant provides sufficient documentation to demonstrate the restorative work performed, including, but not limited to, architectural plans, photographs, reports and invoices.

(c)

In furtherance of this policy, approval of new Mills Act contracts shall be limited so that the total property tax reduction of all contracts combined does not exceed $10,000.00 per annum to the City.

(Ord. No. 328, § 1(9.04.100.050), 5-21-2013)