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Council Clears Shops at Smithville CID and Advances Chapter 353 Redevelopment Plan; School District Supports 10-year Pilot Limit
Summary
A series of public hearings and roll-call votes advanced a Shops at Smithville Community Improvement District (1% sales tax) and approved the redevelopment plan under Chapter 353; the school district testified in support and developers proposed a 10-year pilot with 4% biannual increases in the payment schedule.
The Board of Aldermen approved the Shops at Smithville Community Improvement District (CID) and moved forward the Shops redevelopment plan under Chapter 353 after public hearings and roll-call votes.
Outside counsel Meg Miller (Gilmore & Bell) summarized the CID petition submitted by Smith Global Base LLC: the CID would encompass a single parcel and building, generate revenue through a 1% sales tax on transactions within the district, and would operate for the statutory maximum of 27 years (the applicant's petition requests 27 years, while city policy prefers 20). Miller said statutory notice requirements and a blight study were provided and that the petition names an initial five-member board (four owner representatives and one city representative) and includes a required disinterested owner representative.
A separate public hearing covered a proposed Chapter 353 redevelopment plan for the same property. Dr. Moss, representing the Central School District, told the board the district supports the project, citing an expected 28% assessed-valuation increase when renovations are complete and noting the developer's offer to limit pilot payments to 10 years and to use a 4% biannual increase schedule for pilot payments. Developer counsel Kurt Peterson explained Chapter 353 mechanics, noted an estimated $696,825 in renovation costs, and said the developer expects the project to expand the tax base, improve the corridor's setting, add business space and create jobs.
Board action: The council approved bill 3079-25 to establish the Shops at Smithville CID (roll call recorded as unanimous 6-0) and approved first reading of bill 3080-25 (the redevelopment plan under Chapter 353) by roll call, with the mayor announcing a second public hearing and a second reading at the next meeting. Staff noted that certain taxing jurisdictions (ambulance and fire districts) may opt out of pilot distributions under statute and will continue to receive taxes they are entitled to outside the pilot structure.
The developer and staff will return at the next meeting for the second public hearing and second reading of the redevelopment ordinance, at which the board will consider the final pilot schedule and accompanying findings.
