The Downtown Community Improvement District of Columbia, Missouri

Notice of Public Hearing on Downtown CID 2017 Property Assessment Rate – Tuesday, August 8 at 3:30 pm – Open to the Public

Notice of Public Hearing on Downtown Community Improvement District

2017 Property Assessment Rate

 

Notice is hereby given of a public hearing before the Board of the Downtown Community Improvement District to be held in the District offices, 11 S. Tenth St, Columbia, Missouri, on Tuesday, August 8, 2017 at 3:30 pm to give all citizens and interested parties an opportunity to be heard in relation to the setting of the special assessment rate based on the value of real property for the Downtown Community Improvement District for 2017 to fund the District’s FY2018 Annual Budget.

 

Be further notified that the assessed valuation by category of real and other tangible property in the Downtown Community Improvement District for which the 2017 special assessment rate is to be levied as follows:

Real Estate (existing)                         $47,116,778

Real Estate (new construction)           $ 4,657,339

Total                                                   $51,774,117

 

Be further notified that the assessed valuation by category of real and other tangible property in the Downtown Community Improvement District for the preceding taxable year (2016 tax year) is as follows:

Real Estate (existing)                         $42,564,053

Real Estate (new construction)           $ 4,466,024

Total                                                   $47,030,077

 

Be further notified that the amount of revenue required to be provided from the special assessment to satisfy the revenue requirements of the proposed Downtown Community Improvement District FY2018 Annual Budget is as follows:

 

Downtown Community Improvement District

 

Real Property (existing)……………………………………………………………………………………… $217,680

TOTAL…………………………………………………………………………………………………………… $217,680

 

Be further notified that the special assessment rate proposed to be set for the 2017 Downtown Community Improvement District property assessment is 0.4778 cents per $100 assessed valuation. This represents no change in assessment rate.

Members of the public may attend any open meeting. For requests for accommodations related to disability, please call 573-442-6816. In order to assist staff in making the appropriate arrangements for your accommodation, please make your request as far in advance of the posted meeting date as possible.