COUNCIL SPONSOR: BRISTER/PRESIDENT PROVIDED BY: PLANNING
RESOLUTION STATING THE ST. TAMMANY PARISH COUNCIL'S APPROVAL FOR THE FIVE YEAR (5) RENEWAL OF THE RESTORATION TAX ABATEMENT CONTRACT BETWEEN THE LA DEPARTMENT OF ECONOMIC DEVELOPMENT AND CCJKR HOLDINGS I, L.L.C. (RESTORATION TAX ABATEMENT CONTRACT NO. 1998-0391-65) TO PARTICIPATE IN THE LOUISIANA RESTORATION TAX ABATEMENT PROGRAM.
WHEREAS, the Restoration Tax Abatement Program has been created by the Electors of the State of Louisiana as Act 445 of 1983, and amended in Act 783 of 1984, Article VII, Pat II Section 21(H) of the Louisiana Constitution and Louisiana R.S. 47:4311-4319, to authorize the Board of Commerce and Industry, with the approval of the Governor and the local governing authority and in accordance with procedures and conditions provided by law, to enter into contract granting property owners who propose the expansion, restoration, improvement or development of an existing structure or structures in a downtown development district, historic district, or economic development district, established in accordance with the law, the right to pay ad valorem taxes based upon the assessed valuation of the property prior to the commencement of the expansion, restoration, improvement or development; and
WHEREAS, the Restoration Tax Abatement Program, also, requires a resolution of support by the local
governing authorities to provide for a five (5) year renewal of the existing contracts between the State and the
WHEREAS, the City of Covington and the Parish of St. Tammany desires to promote economic activity,
create and retain job opportunities, and improve the tax base through the Town and the Parish for the benefit of all
WHEREAS, it is the desire of the Parish Council to foster the continued growth and development (and
redevelopment) of the Parish to the continued prosperity of and welfare of the Parish;
NOW, THEREFORE, BE IT RESOLVED, that in due regular and legal session that the St. Tammany Parish
Council hereby approves Restoration Tax Abatement Program, State Board of Commerce and Industry
following property, located in the First District of St. Tammany Parish, and
described as municipal address 506 E. Rutland Street, Covington, Louisiana, 70433, owned by CCJKR Holdings
for participation in the Restoration Tax Abatement Program.
BE IT FURTHER RESOLVED that all resolutions or parts thereof in conflict herewith are hereby repealed.
THIS RESOLUTION HAVING BEEN SUBMITTED TO A VOTE, THE VOTE THEREON WAS AS
MOVED FOR ADOPTION BY , SECONDED BY
THIS RESOLUTION WAS DECLARED ADOPTED ON THE DAY OF , 2004, AT
A REGULAR MEETING OF THE PARISH COUNCIL, A QUORUM OF THE MEMBERS BEING PRESENT
PAT BRISTER, COUNCIL CHAIRMAN
DIANE HUESCHEN, COUNCIL CLERK