Resolutions-2024-001

APPLICATION FOR TAX ABATEMENT UNDER THE URBAN REVITALIZATION PLAN VILLAGES PART I URBAN REVITALIZATION AREA Residential Improvements ( Multifamily) The construction of new residential facilities and the construction of additions to existing residential facilities if such residential facilities contain three or more separate dwelling units. Exemption: All qualified real estate assessed as residential property under Section 441 . 22, subsection 14, paragraph " a", subparagraph ( 6)of the Code of Iowa is eligible to receive an exemption from taxation on 50% of the actual value added by the improvements for a period of ten years. Name of Applicant: The Hunt Club III,LLC Address of Property: Please see attached list for individual unit addresses Legal Description of Property: Please see attached document that is legal description for all units. Address of Applicant ( if different from above): Attn: Darryl High 211 1st Ave. SE, Suite A Cedar Rapids, IA 52401 Phone Number ( to be reached during day): (319)363- 3900 Proposed Property Use: Residential ( Multifamily - Three+Dwelling Units) Nature of Improvements: New Construction Rehabilitation/ Additions Additional Information: This Application reflects the third completed phase of an overall planned 4 -phase residential development consisting of sixty ( 60) rental units per phase. Developer asks the City Council of Tiffin to approve the commencement of the 10 -year abatement period to start with Year 1 being effective with the Johnson County Assessor' s new property tax assessment value as of 01/ 01/ 2024. Estimated or Actual Date of Completion: Completed on 09/ 22/ 2023 Date: 11/ 2023 15/ Darryl High Managing Member 1 8563\ 2477- 4855-