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Newport commissioners approve property-assessment moratoriums for two rehabilitation projects
Summary
The board approved a consent agenda that included seven items related to the 2024 homeownership development project and separately approved five-year property-assessment moratoriums for 733 Maple LLC and the 500 Grama Street restoration project; staff noted the moratoria affect city taxes only.
The Newport Board of Commissioners on Dec. 15 approved a consent agenda that included seven items tied to the 2024 homeownership development project and separately approved Commissioners Orders No. 83 and No. 84, each granting property-assessment moratoriums to support rehabilitation projects.
City staff explained the moratoriums allow property owners to lock in the Property Valuation Administrator value at the time of purchase rather than after renovation; staff said the moratoriums affect only city taxes and do not change school or county tax bills. The moratoriums are for five-year periods, said staff.
Order No. 83 provides a five-year assessment moratorium to 733 Maple LLC for a single-family home on Maple Avenue. Order No. 84 grants a moratorium to Park Properties for restoration of the 500 Grama Street property, described by commissioners as a large restoration likely to exceed $1,000,000 in total investment.
During presentation of the consent agenda, staff noted a potential conflict of interest because of a family connection between the mayor and the Newport Housing Authority; staff advised the mayor to recuse himself from voting on the affected items and to have the vice mayor sign related orders and applications. The board then proceeded to roll-call votes on the consent agenda and the two moratorium orders; the clerk recorded affirmative roll-call votes on the items.
No litigation, funding source details beyond the municipal tax effect, or additional conditions were recorded in the meeting minutes for these orders.
