(A) Purpose. To help create and encourage new housing development in the Grandview Addition to the City of Gregory by offering a property tax rebate on municipal property tax paid, defining the type of housing that qualifies, the length of time for the rebates and the criteria the housing shall meet in order to qualify for the rebate.
(B) Residential structures. Any new residential structure being built in Grandview Addition to the City of Gregory that meets the criteria for residential structures as set forth in the Gregory City Code that defines the Zoning and Building regulations for Grandview Addition, shall qualify for a property tax rebate on municipal tax paid pursuant to the discretionary formula described in § 32.59, Grandview Addition is defined as: Lots 1 thru 8 of Block 1; Lots1 thru 9, Lot DR-1 of Block 2; Lots 1 thru 6 of Block 3; Lots 1 thru 16 of Block 4; Lots 1 thru 4 of Block 5; Lots 1 thru 8 and lot 8A of Block 6; of Grandview Addition to the City of Gregory.
(Ord. 2016-03, passed 8-1-2016; Am. Ord. 2017-11, passed 12-19-2017)