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Committee approves amended SoDo BIA assessment change after contested public hearing
Summary
After a public hearing with industrial property owners and SoDo businesses expressing concern about formation and assessment increases, the committee adopted a technical amendment and voted unanimously to advance council bill 121,073 to full council, directing an OED study of government-owned properties.
The Governance, Accountability and Economic Development Committee unanimously recommended passage Dec. 11 of a revised ordinance to change how the SoDo Parking and Business Improvement Area assesses properties, after a public hearing that included complaints from industrial tenants and property owners.
Clerk read council bill 121,073 into the record: the measure would change the basis of assessment in the SoDo BIA from total taxable value to total appraised value, allow consideration of certain tax-exempt nonprofit and government-owned properties, and establish a fixed capture date for assessment data to reduce backbilling. The committee also considered a technical amendment to delay the ordinance’s effective…
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