Item 102 Passedunofficial
In plain language — from the agenda backup
This item sets the 2027 assessment rate for the South Congress Preservation and Improvement District and approves the district's updated service, assessment plan, and budget. The rate of $0.20 per $100 of valuation is estimated to bring in $281,330 at an 85% collection rate, money that funds improvements and services along the SoCo corridor. Because it's declared an emergency, the ordinance takes effect immediately upon passage rather than after the usual waiting period.
The official agenda language
Conduct a public hearing and consider an ordinance setting the assessment rate and approving the 2027 assessment roll for the South Congress Preservation and Improvement District and declaring an emergency and consider an ordinance approving the South Congress Preservation and Improvement District Service and Assessment Plan and Budget update for 2027 and declaring an emergency. Funding: The 2027 assessment rate of $0.20/$100 valuation is estimated to produce $ 281,330 at an 85% collection rate.
"Without objection. Item number 102 is adopted." — meeting transcript (unofficial)