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Council introduces tax-exemption ordinance for Temple Street senior apartments
Summary
On March 3, the Mason City Council approved the first reading and introduction of Ordinance 262, which would amend Article 4 of the TWG Temple Street Senior Apartments tax exemption in Chapter 75 (Tax Exemptions). The motion passed on a recorded voice vote; council did not refer the measure to the planning commission.
The Mason City Council approved the first reading and introduction of Ordinance 262 on March 3, a measure amending Article 4 of the TWG Temple Street Senior Apartments tax exemption in Chapter 75 (Tax Exemptions).
Council members moved and seconded the ordinance for first reading and introduction. During the brief discussion the mayor asked whether the ordinance would go to the Planning Commission; the city manager replied it would not. With no further discussion, the council voted to approve first reading and introduction of Ordinance 262 by voice vote; the council clerk announced the result as 7-0.
The ordinance language in the agenda packet identifies the change as an amendment to Article 4 of the TWG Temple Street Senior Apartments tax exemption to Chapter 75 (Tax Exemptions). No further details about changes to assessed value, term, or fiscal impact were discussed on the record at the meeting.
The measure will return to the council for a future second reading and any additional required steps before final adoption.
