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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 on Wednesday, August 9, 2023 at 8:30 a.m. at 14 Business Loop 70 East, Columbia, MO 65203 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 2023 to fund the District’s FY 2024 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 FY2024 for which the 2023 special assessment rate is to be levied as follows:

Real Estate (total assessed)     $15,467,873 

Real Estate (commercial) $14,826,888

Real Estate (residential) $36,537

Real Estate (utility) $604,448

Real Estate (X-exempt) 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 (2022 tax year) is as follows:

Real Estate (total assessed)     $14,789,857 

Real Estate (commercial) $14,190,248

Real Estate (residential) $36,537

Real Estate (utility) $563,072

Real Estate (X-exempt) 0

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 2024 Annual Budget is as follows:

BUSINESS LOOP COMMUNITY IMPROVEMENT DISTRICT

TOTAL $65,831

Be further notified that the special assessment rate proposed to be set for the 2023 Business Loop Community Improvement District property assessment is 0.4778 cents per $100 assessed valuation. This represents no change in assessment rate.

14 Business Loop 70 East
Columbia, MO 65203
573- 443-5667 (LOOP)
[email protected]

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