(A) When credit allowed. In the event the plans for a building or enlargement which are submitted to the Building Official in conjunction with an application for a building permit include recreational amenities within the development, the person, corporation or entity applying for the building permit may request from the Building Official or other designated town official a tax credit relating to the recreational amenities tax assessed against the development; provided, however, that with the approval of the Town Manager the recreational amenities may be developed on public property rather than within the development.
(B) Types of construction designated. Types of outdoor or indoor recreational amenities which shall be considered for tax credit are as follows:
(1) Tennis court, paddle tennis court;
(2) Golf course, pitch and putt course, driving range, putting green.
(3) Football field, baseball field, soccer field;
(4) Basketball court, volleyball court, handball court;
(5) Ice skating rink, ice hockey rink;
(6) Swimming pool;
(7) Bicycle trail, pedestrian trail;
(8) Park, picnic area, playground;
(9) Amphitheater, theater, museum; and
(10) Any other type determined by the Town Manager, acting with reasonable discretion, to be appropriate and beneficial for the town, its residents, and visitors.
(C) Basic rate. The person, corporation, or entity upon which the tax is assessed shall be entitled to a basic credit of 50% of the cost of the recreational amenities included in the assessed development, provided that the credit shall not exceed 50% of the tax assessment.
(D) Additional. Residential buildings or units which are restricted for use for employee housing shall be entitled to additional tax credits according to the following schedule:
Years Restricted | Additional Credit |
7—9 | 10% |
10—15 | 20% |
16—20 | 30% |
21—25 | 40% |
26 + years | 50% |
(E) Maximum rate. The maximum credit allowed under both subsections (C) and (D) of this section shall not exceed 50% of the tax assessment.
(F) Exclusions. No tax credit shall be allowed with respect to a tax assessment for a building or enlargement constructed in zoning districts SFR, R and A.
(Ord. 2(1974) §§ 5, 6, 7(A),(D); Ord. 19(1981) §§2, 3; Ord. 11(1989) §§ 2, 3; 1997 Code)