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File #: 205493    Version: 1
Type: Resolution Status: Approved
File created: 4/13/2018 In control: City Council
On agenda: 4/20/2018 Final action: 5/24/2018
Enactment date: 4/12/2018 Enactment #: 205493
Title: That the Administration draft the minimally necessary language to amend the Real Estate Transfer Fee Home Rule Petition to allow a separate fee on the buyer and seller based on their status as a resident/owner-occupant, and including estate protection for a decedent who has such status.
Sponsors: Jefferson Thomas ("J.T.") Scott, Mary Jo Rossetti, William A. White Jr.

  Agenda Text

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That the Administration draft the minimally necessary language to amend the Real Estate Transfer Fee Home Rule Petition to allow a separate fee on the buyer and seller based on their status as a resident/owner-occupant, and including estate protection for a decedent who has such status.

 

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Official Text

That the Administration prepare the minimally necessary language for insertion in the Home Rule Petition that would allow for a separate fee on buyer and seller based on their status as a resident/owner-occupant, with the intention of exempting both classes of owner-occupants from the fee as specified by future legislation and including a protection for the estate in the event of a decedent who has qualified for a residential exemption.