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RESOLUTION NO. 732 OF 2011

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RESOLUTION NO. 732 OF 2011
RESOLUTION APPROVING THE APPLICATION AND CERTIFYING PARTICIPATION IN THE RESTORATION TAX ABATEMENT PROGRAM FOR WILLIAM S. BALDWIN AT 102-114 WEST PARK AVENUE, IN THE CITY OF RUSTON
WHEREAS, the Restoration Tax Abatement Program has been created by the Electors of the State of Louisiana as Act 445 of 1983, and amended in Act 783 of 1984, Article VII, Part II, Section 21 [H] of the Louisiana Constitution and Louisiana R.S. 47:4311-4319, to authorize the Board of Commerce and Industry, with the approval of the Governor and the local governing authority and in accordance with procedures and conditions provided by law, to enter into a contract granting property owners who propose the expansion, restoration, improvement or development of an existing structure or structures in a downtown district, historic district, or economic development district, in accordance with law, the right to pay ad valorem taxes based upon the assessed valuation of the property prior to the commencement of the expansion, restoration, improvement or development; and,
WHEREAS, it is the desire of the Board of Aldermen of the City of Ruston to foster the continued growth and development and desires to promote economic activity, create and retain job opportunities and improve the tax base of the City; and,
WHEREAS, William S. Baldwin has applied for a contract for limited exemption from taxation pursuant to the Restoration Tax Abatement Program; and,
WHEREAS, the City has conducted a public hearing on the proposed contract for limited exemption from taxation and each affected tax recipient body was given written notice of said hearing in accordance with said law; and,
WHEREAS, the City desires to approve the application and certify the participation in the Restoration Tax Abatement Program for William S. Baldwin at 102-114 West Park Avenue, in the City, pursuant to Application No. 2009-1004;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RUSTON, LOUISIANA:
§1.The application for a contract for limited exemption from taxation is approved and the participation is certified in the Restoration Tax Abatement Program for William S. Baldwin at 102-114 West Park Avenue, in the City, pursuant to Application No. 2009-1004.
§2.The Mayor, Dan Hollingsworth, is authorized and empowered to execute any and all documents necessary to approve the application, and do any and all things necessary and proper to carry out this Resolution and to fulfill its objects and purposes.
§3.This Resolution shall become effective upon final adoption and signature of the Mayor.
Said Resolution having been read and considered by a quorum of the Board of Aldermen, on motion to adopt by Alderman Jedd Lewis and seconded by Alderman Jim Pearce, a record vote was taken and the following result was had:
YEA: ALDERWOMAN GLENDA HOWARD
ALDERMAN JEDD LEWIS
ALDERMAN ELMORE MAYFIELD
ALDERMAN JIM PEARCE
ALDERWOMAN MARIE S. RIGGS
NAY:NONE
ABSENT: NONE
WHEREUPON, the presiding officer declared the above Resolution duly adopted in full on this the 4th day of April, 2011.
ATTEST:
EMMETT GIBBS, CLERK DAN HOLLINGSWORTH, MAYOR
1td: April 8, 2011

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