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Planning and Zoning panel backs renewal and modest expansion of Iowa City downtown SMID
Summary
The Planning and Zoning Commission voted to forward a staff evaluative report recommending a 10-year renewal and modest boundary expansion of the Downtown Self-Supported Municipal Improvement District, preserving the $2.50 per $1,000 levy for seven years and allowing a possible increase to $2.75 in the final three years; City Council will set a public hearing.
Iowa City’s Planning and Zoning Commission on Oct. 15 voted to forward a staff evaluative report recommending a 10-year renewal and modest expansion of the Downtown Self-Supported Municipal Improvement District (SMID), sending the matter to the City Council for a public hearing and possible ordinance.
Rachel Kilberg Riley, the city’s economic development coordinator, told the commission staff verified the petition submitted by the Iowa City Downtown District met Iowa Code Chapter 386’s requirements, including the 25% signature/assessed-value threshold. The petition would extend the SMID from 07/01/2026 through 06/30/2036 and keep the levy at $2.50 per $1,000 of assessed value for the first seven years; the Downtown District would have the option, with board approval, to raise the levy to $2.75 per $1,000 for the final…
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