The City of Monticello, Iowa
IN THE NAME AND BY THE AUTHORITY OF THE CITY OF MONTICELLO, IOWA
RESOLUTION #18-70
Resolution approving Steve Koob Tax Abatement on Commercial
Property located at 100 W. 11th Street.
WHEREAS, The Chapter 10 of the Monticello Code of Ordinances provides for tax abatements on Commercial/Industrial improvements and Single Family Residential improvements, and
WHEREAS, The Code does not specify a time frame within which property owners must apply for the abatement to be considered eligible for the full five year abatement period, and
WHEREAS, The Jones County Assessor, and City staff, have traditionally allowed for a one year grace period during which a qualified applicant must apply for the abatement and be found eligible to avoid losing a portion of the abatement, and
WHEREAS, The Council has been presented with a request from Steve Koob who agreed to be annexed based upon his understanding that he would be granted a partial five (5) year tax abatement on the new building he constructed on his property, however, he did not benefit from the abatement due to the fact that the annexation of his property was not completed for a number of years due to continuing annexation negotiations with a neighboring property that had to be annexed before or at the same time as the Koob property, and
WHEREAS, The Council finds, based upon the above information, that Mr. Koob should be allowed to receive the full five (5) year abatement on the improvements, assuming it meets other eligibility requirements of the Assessor, if any, and finds that the abatement should be based upon the valuation of a fixed value of $46,700 for all five years.
NOW, THEREFORE, BE IT RESOLVED that the City Council of Monticello, Iowa does hereby approve the full five year commercial abatement as provided for within Chapter 10 of the Monticello Code for Steve Koob based upon the amount set forth within the body of this Resolution.
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 18th Day of June, 2018.
Attest: Brian Wolken, Mayor
Sally Hinrichsen, Monticello City Clerk