HomeMy WebLinkAbout~Master - Public Hearing on Establishment of Ames Campustown Self-Supported Municipal Improvement District (SSMID) RESOLUTION NO. 18-430
RESOLUTION SETTING DATE OF PUBLIC HEARING ON
ESTABLISHMENT OF AMES CAMPUSTOWN SELF-SUPPORTED
MUNICIPAL IMPROVEMENT DISTRICT (SSMID)
FOR THE CITY OF AMES,IOWA
WHEREAS,THE Campustown Action Association(CAA)has submitted a petition to create
the Ames Campustown Self-Supported Municipal Improvement District (SSMID); and,
WHEREAS, the desire of CAA to create a SSMID is to further their vision to create and
foster a vibrant Campustown by providing additional services and activities for the benefit of
property owners in the District; and,
WHEREAS, the proposed SSMID boundary includes commercial properties within the
Campustown Service Center(CSC) Zoning District; and,
WHEREAS,on June 20,2018,the Planning and Zoning Commission reviewed the required
petition for the S SMID and found the proposed S SMID to be financially feasible and that it has merit
based on the proposed programming to be beneficial; and,
WHEREAS,the levy rates proposed are$2.00/$1,000 of taxable valuation on buildings that
are 100% commercial assessed, and a range of$5.00/$1,000 to $8.00/$1,000 of taxable valuation
on commercial square footage of buildings that are in mixed-use buildings, with that rate being
initially$5.00/$1,000; and,
WHEREAS, staff estimates the combined levies will generate approximately $50,000 to
$70,000 in the first year of the SSMID; and,
WHEREAS,action to set a date of public hearing will continue the process for the proposed
SSMID.
NOW, THEREFORE, BE IT RESOLVED,by the City Council of the City of Ames, Iowa,
that July 31, 2018, is hereby set as the date of public hearing for the purpose of establishing the
Campustown Self-Supporting Municipal Improvement District (SSMID), and notice to property
owners shall be done by certified mail at least 15 days prior to the hearing.
ADOPTED THIS 10''' day of July, 2018.
Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Gartin
Seconded by: Betcher
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 10'day of July, 2018.