Public Hearings and Announcements

NOTICE OF PUBLIC HEARING ON THE DESIGNATION OF THE
2018 WYOMING URBAN REVITALIZATION AREA AND THE ADOPTION OF A PLAN FOR SUCH REVITALIZATION AREA
NOTICE IS HEREBY GIVEN: That there is now on file for public inspection in the office of the City Clerk of Wyoming, Iowa, a Proposed Urban Revitalization Plan (the “Plan”) for the rehabilitation and redevelopment of the property proposed for inclusion on the 2018 Wyoming Urban Revitalization Area (the “Area”), such property lying within the City and being described as follows:
All real property situated within the corporate limits of the City of Wyoming, located in Jones County, State of Iowa as of September 1, 2018.
The City Council will meet at 7 o’clock p. m., on November 12, 2018, at the Wyoming City Hall, Wyoming, Iowa, at which time a hearing will be held pursuant to the provisions of Chapter 404, Code of Iowa (the “Act”) on the proposal to adopt the Plan and the proposal to establish the above described area as an urban revitalization area. At such public hearing all owners of record of real property, tenants, and all “occupants” of city addresses within the described area, and any other person having an interest in the matter may appear and be heard for or against the adoption of the Plan and/or the establishment of the Area.
Once the Area has been designated pursuant to the Act, property therein on which certain improvements are constructed may become eligible for certain property tax exemptions as set forth in the Plan which is on file for inspection in the office of the City Clerk.
Published by order of the City Council of the City of Wyoming, Iowa.
Sheri Tjaden
City Clerk

 

In order to provide incentives for rehabilitation of residential and commercial properties the City Council will meet at 7 o’clock p. m., on November 12, 2018, at the Wyoming City Hall, on the proposal to adopt an Urban Revitalization Plan. Qualified real estate assessed as residential property would be eligible to receive an exemption from taxation on the first $75,000 of actual value added by the improvement for a period of five years. Commercial property would be eligible to receive an exemption of 100% of the actual value added for a period of three years. This would include new construction also. An application would be filed by the property owner by February 1st of the assessment year for which the exemption is first claimed. Approved applications would be forwarded to the County Assessor for review. The assessor would determine the increase in actual value for tax purposes. A copy of the proposed plan is available at the Clerk’s office.