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 16, 2018 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 2018 to fund the District’s FY 2019 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 FY2019 for which the 2018 special assessment rate is to be levied as follows:
Real Estate (total assessed) $14,073,270
Real Estate (new construction) $495,280
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 (2017 tax year) is as follows:
Real Estate (total assessed) $13,556,619
Real Estate (new construction) $ 576,544
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 2019 Annual Budget is as follows:
BUSINESS LOOP COMMUNITY IMPROVEMENT DISTRICT
TOTAL $63,710
Be further notified that the special assessment rate proposed to be set for the 2018 Business Loop Community Improvement District property assessment is 0.4778 cents per $100 assessed valuation. This represents no change in assessment rate.
