The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #2022-25
Approving Duayne and Peg Mere Tax Abatement Application related to Commercial and Residential Improvements constructed at 121 East First Street, Monticello, Iowa
WHEREAS, Monticello has enacted an Urban Revitalization Tax Abatement program and codified same at Chapter 10 of the Monticello Code of Ordinances, and
WHEREAS, The owners of the property located at 121 East First Street have completed the remodeling to the building, same to house an upstairs apartment and retail store on the lower level, and have requested the standard commercial and residential tax abatement on said improvements, and
WHEREAS, The City Council finds that the information submitted therein is consistent with that required by the Monticello Code of Ordinances, and
WHEREAS, The Council further finds that the estimated completion date of the residential improvements is January 1, 2022 and commercial improvements to be April 1, 2022, and finds, based thereon, that the Jones County Assessor will need to determine how many years of tax abatement remain on this property, being tied to the date on which the property was deemed to be 100% complete for taxation purposes.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve the Application for Tax Abatement filed by Duayne and Peg Mere as set forth above, consistent with Chapter 10 of the Monticello Code of Ordinances, said Application bearing the date of February 3, 2022 and being signed by Peg Mere and further directs the Monticello City Clerk to file same with the Jones County Assessor as prescribed by law.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and caused the Great Seal of the City of Monticello, Iowa to be affixed hereto. Done this 21st day of February, 2022.
David Goedken, Mayor
Attest:
Sally Hinrichsen, City Clerk