HomeMy WebLinkAboutRESOLUTIONS-1980-074-R-80•
•
I
11/10/80
74-R-80
A RESOLUTION
A Resolution Recommending Nonparticipation
of the City of Evanston in Certain Assessment
Relief Provided by the Revenue Act of 1939, as Amended
WHEREAS, the General Assembly of the State of Illinois has amended
the '`Revenue Act of 1939" by adding Section 44.1, to take effect on January
1, 1981; and
WHEREAS, said amendment provides a freeze on the assessed valuation
on every single-family residential structure constructed before 1939 in a
National Register Historic.District or a municipal landmark area during the
period of January 1, 1981 to December 31, 1989, unless the municipality by
resolution or ordinance provides not to participate in such assessment relief;
and
WHEREAS, the intent of such legislation was to provide assistance to
owners of historic properties, but its actual effect is to create disincen-
tives to restoration and renovation of landmark structures because such re-
habilitation would cause a loss of the tax relief; and
WHEREAS, the Evanston Lakeshore Historic District, occupying more
than 40 square blocks of prime residential property in the City of Evanston
was entered on the National Register of Historic Places on September 29, 1980
making Section 44.1 'available to homeowners in this area; and
WHEREAS, it is the belief and determination of the Evanston Pre-
servation Commission that the impact of such legislation would have an ad-
verse financial effect on the City of Evanston by reducing tax revenue with-
out encouraging preservation of those structures within the District which
do have historic or., architectural significance; and
WHEREAS, for the above reason, the Mayor and City Council of the
City of Evanston deem it to be in the best interests of the community not to
i
11/10/80
74-R-80
i,
• participate in such assessment relief as provided by said Section 44.1 of the
�{ Revenue Act of 1939, as amended.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF
THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS, that the City of Evanston shall
not participate in the assessment relief provided for in Section 44.1 of the
i
Revenue Act of 1939, as amended.
Adopted 7
i
ATTEST:
City Clerk
1980
/ / �.
M Jy r i