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City Council Office
 Policy Order Resolution
  O-8
  IN CITY COUNCIL
  October 7, 2013
COUNCILLOR VANBEUZEKOM

WHEREAS:

The City of Cambridge is dedicated to both promoting business endeavors within Cambridge and strengthening small local businesses specifically; and

    
WHEREAS: A Massachusetts state law [G.L. c. 59, § 5I] which was adopted in 2000 allows the Cambridge City Council to grant a modest real estate exemption to commercial properties that are occupied by businesses that have an average annual employment of no more than 10 people, an assessed valuation of less than $1,000,000, and other criterion; and 
     

WHEREAS:

The City of Cambridge's Assessor's Office has completed a preliminary evaluation of the impact of this business exemption; now therefore be it

      

ORDERED:

That the City Manager be and hereby is requested to report back to the City Council the Assessing Department's findings regarding the feasibility of granting small commercial properties a modest exemption on their real estate property taxes. 

    

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