Synopsis: This Ordinance is being presented by City Council for Council’s review and approval.If approved, Council would be authorizing a property tax exemption for a property owner who qualifies under certain conditions as a caretaker to another person. Currently, the City offers a tax exemption for elderly and/or disabled individuals that is calculated on the first $40,500 of the assessed value of a property. This ordinance would allow qualified caregivers to be eligible for a similar property tax exemption. Whereas, however, an elderly and/or disabled property owner may apply for an exemption for a three-year period after which time they may re-apply, a qualified caregiver would be eligible for only a one-year exemption and would have to re-apply each year to keep that exemption. The new category of caregiver is defined as a property owner whose family member is chronically ill, disabled, or is otherwise unable to perform the critical tasks of personal care necessary for everyday survival. If this Ordinance is approved by Council and signed by the Mayor, it will become effective on December 1, 2014 and will carry a five-year sunset provision that would make it effective only until December 1, 2019, unless it is extended by ordinance.