(b) The notice shall state the reasons for the proposed termination and shall require the owner to appear at a specified time, not less than 20 days after mailing the notice, to show cause, if any, why the exemption should not be terminated.
(2)(a) If the owner fails to show cause why the exemption should not be terminated, within 10 days following such failure, the city shall give notice to the owner stating its findings and terminating the exemption.
(b) A copy of the notice shall be filed with the county assessor. [Formerly 458.045; 2013 c.426 §5; 2021 c.528 §11; 2024 c.102 §27]