The Downtown Community Improvement District of Columbia, Missouri

Special Board of Directors Meeting – 08/23/19 at 12:00 noon

Notice of Public Hearing on Downtown Community Improvement District

2019 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

Friday, August 23, 2019 at 12:00 noon 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 2019 to fund the District’s FY 2019-2020 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 2019 special assessment rate is to be levied as follows:

Residential                                         $ 22,376,430

Commercial                                       $ 37,973,751

Agricultural                                        $                 0

Railroad & Utility                              $   1,689,248

Total                                                   $ 62,039,429

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 (2018 tax year) was as follows:

Real Estate (Existing)                         $51,442,421

Real Estate (New Construction)         $  8,890,561

Total                                                   $60,312,982

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 FY 2019-2020 Annual Budget is as follows:

Downtown Community Improvement District

Real Property (Existing) …………………………………………………………….. $282,715

Be further notified that the special assessment rate proposed to be set for the 2019 Downtown Community Improvement District property assessment is 0.4778 cents per $100 assessed valuation.  This represents no change in assessment rate.

DOWNTOWN COMMUNITY IMPROVEMENT DISTRICT                                       

Special Board of Directors Meeting

11 South Tenth Street

Friday, August 23, 2019                                                                                                                                        

12:00 noon

In-Person

Introductions                                                                                 

Approval of Agenda                                                      

Public Hearing on Downtown CID 2019 Property      

Assessment Rate

Public, Staff, Board Comment

Adjournment