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City of Norwalk, CT
Fairfield County
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Table of Contents
Table of Contents
[HISTORY: Adopted City of Norwalk Common Council 7-13-1982. Amendments noted where applicable.]
GENERAL REFERENCES
Phased increased assessment — See Ch. 78.
[1]
Editor's Note: Former Ch. 36, Electrical Code, adopted 5-14-1957, effective 5-25-1957, was repealed 7-24-1979.
The provisions of this chapter shall apply to such areas within the City of Norwalk which the Common Council shall from time to time designate by resolution as Enterprise Zones in accordance with provisions of Public Act No. 81-445 of the Connecticut General Statutes.
A. 
All real property in the Enterprise Zone which is improved during the period when such area is designated as an Enterprise Zone shall have its real estate assessment fixed. Such fixed assessment shall be for a period of seven years from the time of such improvement and shall defer any increase in assessment attributable to such improvement, according to the following schedule:
Year
Percentage of Increase Deferred
First
100
Second
100
Third
50
Fourth
40
Fifth
30
Sixth
20
Seventh
10
B. 
The Common Council shall have the power, by resolution, to grant additional deferments of up to 100% of assessment attributable to such improvements for a period of up to seven years from the date of the improvement referred to in Subsection A above. Any owner of property within a designated Enterprise Zone who seeks to take advantage of the additional deferments available under this subsection shall submit his/her application to the Redevelopment Agency of the City of Norwalk on forms to be supplied by said Agency.
(1) 
Said Redevelopment Agency shall review the application and determine if such additional deferment is necessary in order to promote the further development of industrial, commercial or residential property upon the real estate of the applicant.
(2) 
The Redevelopment Agency shall make a recommendation to the Common Council on the applicant's request and shall specify its reasons for recommending approval or denial of the application.
(3) 
Upon receipt of the recommendation of the Redevelopment Agency, the Common Council may approve or reject the application in question by a majority vote. Said additional deferment of assessment shall become effective upon its approval by the Common Council.
C. 
Any fixed assessment on any residential property shall cease if, for any residential property, any dwelling unit in such property is rented to any person whose income exceeds 200% of the median family income of the City of Norwalk; or, for any conversion condominium declared after the designation of the Enterprise Zone, any unit is sold to any person whose income exceeds 200% of the median family income of the City of Norwalk.
D. 
In the event of a general revaluation by the City of Norwalk in the year in which such improvement is completed, resulting in any increase in the assessment on such property, only that portion of the increase resulting from such improvement shall be deferred. In the event of a general revaluation in any year after the year in which such improvement is completed, such deferred assessment shall be increased or decreased, in proportion to the increase or decrease in the total assessment on such property as a result of such revaluation.
E. 
No improvements of any real property which qualifies as a manufacturing facility under Section 32-9p(d) of the Connecticut General Statutes shall be eligible for the benefits under this chapter.
F. 
In the case of any real property which qualifies for the deferred assessment granted under the provisions of Chapter 78 of the Code of the City of Norwalk (Phased Increased Assessment), for each year of the deferment, said property shall qualify for the deferment under Subsection A of this section or the deferment under § 78-4, whichever is greater, for the year in question.