The Mayor and Council, on a case-by-case basis,
may waive or discount water/sewer impact fees for property owners
that:
A. Upgrade building structures in the floodplain; or
B. Upgrade under- or non-utilized properties within one
or more of the following criteria:
C. The cost of the upgrade is more than 50% of the fair
market value of the property;
D. The structure is more than 15 years old and has been
vacant for not less than the preceding 12 months; or
E. The property is not habitable in its existing condition
and the renovations are in compliance with the existing Building Code
of the Town of Federalsburg.
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And provided the property owner has completed
renovations of the property which are more than 50% of the fair market
value of the property and which are in compliance with applicable
floodplain regulations and/or existing Building Codes.
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The Mayor and Council may waive water and sewer impact fees and/or related expenses for those properties that are required by Chapter
235, Water and Sewer, Article
I, to connect to that public water and sewer line if it is deemed to create a hardship for the property owner. Hardship cases will be based on income levels. The income levels should be the low/moderate-income levels as set forth by the most recent Department of Housing and Urban Development figures. (See attachment.)
The Mayor and Council of Federalsburg shall
as an incentive to allow property owners to upgrade structures may
grant to the property owner(s) a three-year tax exemption, after upgrade
of said structure, beginning July 1 of the first year after complete
renovations have been made and provided that the renovations comply
to the Town's Building Codes. Said exemption may be granted, provided
that the property owner upgrades by 50% of the fair market value.
Said exemptions shall be made on a case-by-case basis.
Representatives of the Town may assist said
property owners to obtain funding to upgrade properties on which structures
that have become dilapidated, decayed, unsafe, unsanitary or which
fail to provide the amenities essential to decent living and are unfit
for human habitation, or are likely to cause sickness or disease,
so as to result in injury to the health, morals, safety or general
welfare of those living therein.