Notice of Public Hearing

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NOTICE OF PUBLIC HEARING

A Public Hearing on the following proposed Ordinance as amended in Finance Committee will be held before the City Council on Monday, November 24, 2014 at 7 p.m., Council Chamber, 869 Park Avenue Cranston, R.I. pursuant to Section 3.12 of the Charter.

A complete copy of the proposed Ordinance as amended is available for public review at the City Clerk’s Office and the Cranston Central Library and on the City’s website cranstonri.com under calendar by clicking on the Council December 16, 2013 meeting date, then docket

“Individuals requesting interpreter services for the deaf or hard of hearing must notify the City Clerk’s Office at 461-1000 ext. 3197 seventy-two (72) hours in advance of the hearing date.”

John E. Lanni, Jr., Maria Medeiros Wall, JD

Council President City Clerk

PROPOSED ORDINANCE

NO. 9-14-06 TO AMEND THE PROPERTY TAX EXEMPTION REGARDING TANGIBLEPROPERTY VALUED LESS THAN $10,000.00 $5,000.00

*Amended in Committee 11/13/2014

It is ordained by the City Council of the City of Cranston as follows:

Section 1: An ordinance to amend Title 3 Chapter 3.16 of the Code of the City of Cranston entitled Property Tax Exemption, Tangible Property less than * $10,000.00 *$5,000.00 in value, and

Section 2: Whereas the Small Business owners in Cranston are burdened with not only paying taxes on computers, telephones, furniture and other equipment, but also filing reports on the value of said tangible property on an annual basis; and

Section 3: Whereas the City of Cranston seeks to promote and invite other small businesses to move into Cranston thereby creating jobs and other business activity; and

Section 4: Whereas the costs associated with assessing tangible personal property and collecting taxes thereon is not cost effective and is a burden on the Tax Assessor’s office and ultimately City resources in general:

Now therefore, be it resolved that the City Council of the City of Cranston hereby creates a Tax Exemption for Tangible Business property having a value less than *$10,000 *$5,000.00. *Finance Director to report back on the effects by January 1, 2016

Section 5: This Ordinance shall take effect upon its final adoption.

Sponsored by: Councilmen Favicchio, Botts and Aceto

11/20/14

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