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Council hears SSA shortfall for Plum/Howard; staff says extension will recover remaining balance without interest
Summary
At a public hearing over Special Service Area (SSA) 90 (Plum Street/Howard Avenue), staff said a drop in assessed value left an $11,315 shortfall on 2004 curb-and-sidewalk work; proposed short extension would collect the remainder with no interest and likely end in 2–3 years.
During a public hearing on Special Service Area 90 (Plum Street/Howard Avenue), the city’s CFO explained that the SSA, created in 2004 to finance curb, gutter and sidewalk work ($126,250), has collected about $114,934 to date because the taxable base declined during several levy years, leaving approximately $11,315 outstanding.
Chris Minnick, the city’s CFO, told council the ordinance establishing SSA 90 limited the tax rate to 57 cents per $100 of equalized assessed valuation; when the EAV fell between 2012 and 2017,…
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