pf_01628 pg 1-2 of 3 - Laserfiche WebLink

Home

May 16, 1989 To: Steve North Acting City Manager From: Craig Waldron ` Director of Planning and Development Ed Burrell �J Finance Director Re: Request from Lido's for additional Tax Relief Attached is a letter from John Labalestra regarding the amount of property taxes Lido's Restaurant is being required to pay in 1989. The essence of the letter is a request for some relief by the City. As you will note, they do indicate their taxes have gone up much more than expected and as a result has put additional cost pressure on their business. We have reviewed that request, which we feel, does have a great deal of policy implication. Their concern points out that they believe their valuation is much too high. They could appeal that valuation to the County to assure their property is correctly appraised. . The assessment was for improvements to directly benefit Lido's. The City could adjust that assessment by paying part from the taxes of others in the Community. However, the Council could be setting a precedent which could result in others making the same request or having other taxpayers protest legally the tax relief for only one property owner. We should note that others are affected by the same assessment project as well. We have attached a copy of a news article which does point up the state wide concern about business taxes. It does reinforce the point that nearly all such tax classifications are similarly affected and any decisions to grant relief must be done in the full context of the problem.. We are not making a specific recommendation at this time but do feel there needs to be some discussion regarding these as well as other potential implications before we prepare a recommendation to the Council. We would be most willing to discuss this issue with you and or the Council at forthcoming work session, if that is deemed appro- priate.