§ 36.40 R.S.A. CHAPTER 79-E COMMUNITY REVITALIZATION TAX RELIEF INCENTIVE.
   The provisions of R.S.A. Chapter 79-E Community Revitalization Tax Relief Incentive are hereby adopted subject to the following limitations.
   (A)   Pursuant to R.S.A. 79-E:2II QUALIFYING STRUCTURE means a building located within the Central Business Service District (CBSD) as defined by the Board of Mayor and Aldermen pursuant to § 37.02, or the Redevelopment District (RDV) as defined by Article 4.01 A.10 of the Zoning Ordinance of the City of Manchester.
   (B)   Pursuant to R.S.A. 79-E:2 IV SUBSTANTIAL REHABILITATION shall mean rehabilitation of a qualifying structure which costs at least 15% of the pre-rehabilitation assessed valuation or at least $75,000 whichever is greater.
   (C)   Pursuant to R.S.A. 79-E: 5 the Board of Mayor and Aldermen shall grant a tax relief period of up to, but not exceeding, five years.
(Ord. passed 4-7-15; Am. Ord. passed 3-5-19)