Notice of Public Hearing

NOTICE OF PUBLIC HEARING
ON THE BUSINESS LOOP COMMUNITY IMPROVEMENT DISTRICT
PROPERTY ASSESSMENT RATE

Notice is hereby given of a public hearing before the Board of the Business Loop Community Improvement District, to be held during their Annual Meeting at their offices at 601 Business Loop 70 W #128, Columbia, Missouri, on Thursday, August 15, 2019 at 8:00 a.m. to give all citizens and interested parties an opportunity to be heard in relation to setting of the special assessment rate based on the value of real property for the Business Loop Community Improvement District for 2019 to fund the District’s FY 2020 Annual Budget.

Be further notified that the assessed valuation by category of real and other tangible property in the Business Loop Community Improvement District for FY2020 for which the 2019 special assessment rate is to be levied as follows:

Real Estate (total assessed) $14,027,193
Real Estate (commercial) $13,993,139
Real Estate (residential) $34,054
Real Estate (new construction) 0

Be further notified that the assessed valuation by category of real and other tangible property in the Business Loop Community Improvement District for the preceding taxable year (2018 tax year) is as follows:

Real Estate (total assessed) $14,073,270
Real Estate (new construction) $495,280

Be further notified that the amount of revenue required to be provided from the property tax to satisfy the revenue requirements of the proposed Business Loop Community Improvement District FY 2020 Annual Budget is as follows:

BUSINESS LOOP COMMUNITY IMPROVEMENT DISTRICT

TOTAL $68,264

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