[Ord. of 1-8-1985]
In accordance with G.S. 12-65e, the entire town is hereby designated
as a rehabilitation area and the following criteria are hereby established
for eligibility of real property within the town for fixing of assessments
during the period of rehabilitation and for the deferral of any increased
assessment attributable to such rehabilitation pursuant to agreement
as authorized by such statutes.
[Ord. of 1-8-1985]
The Board of Selectmen shall have authority to grant or deny
any application for deferred assessment, in accordance with the established
criteria.
[Ord. of 1-8-1985]
The Board of Selectmen, having approved an application for deferred
assessment, shall have authority to enter into an agreement with the
property owner to fix assessments and defer increases in assessments
as established by the Tax Assessor and as permitted by G.S. 12-65d
and 12-65e in accordance with the following provisions:
(1) Any agreement to defer any increase in assessment attributable to
eligible improvements effected in accordance with these provisions
upon completion of such improvements, shall be for no longer than
five years. The portion of such assessment increase eligible for deferral
shall be determined as follows:
a. For the first year following completion of such improvements the
entire increase shall be deferred.
b. To each succeeding annual assessment of said property, 20% of the
increase shall be included in the assessment for the property so that
at the sixth year following completion of the improvements 100% of
such increase will be included in the assessment.
(2) Any such agreement to fix assessments and defer increases in accordance
with these provisions shall also provide as follows:
a. In the event of a general revaluation by the town in the year in
which such improvements are completed resulting in any increase in
the assessment on such property, only that portion of the increase
resulting from such improvements shall be deferred.
b. In the event of a general revaluation in any year after such improvements
are 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 general revaluation.
c. Such improvements shall be completed by a date fixed by the Board
of Selectmen.
d. Any deferral of assessment increases related to such improvements
shall be conditioned upon inspection of the property and certification
by responsible town officials that the improvements conform with the
criteria established under this article, Connecticut General Statutes
G.S. 12-65d and such provisions of the state building, fire safety
and health codes and the town building, health and housing codes and
town zoning regulations as may apply.