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ITEM 17
City Council Memorandum Cultural Development Memo No.
Date:
May 25, 2023
To:
Mayor and Council
Thru:
Joshua H. Wright, City Manager
Andy Bass, Deputy City Manager
From:
Kim Moyers, Cultural Development Director
Subject:
Resolution No. 5692 Approving the Fiscal Year 2023-2024 Annual Assessment for the City of Chandler, Arizona, Downtown Chandler Enhanced Municipal Services District
Proposed Motion:
Move City Council pass and adopt Resolution No. 5692 approving the Fiscal Year 2023-2024 Annual Assessment for City of Chandler, Arizona, Downtown Chandler Enhanced Municipal Services District.
Background:
On March 23, 2023, City Council approved Resolution No. 5674, which authorized modification of the Assessment Diagram, making a statement and estimate of expenses for the Downtown Chandler Enhanced Municipal Services District, completing the assessment, and setting the date for the Public Hearing on the assessments for the May 25, 2023, City Council meeting. Prior to the May meeting, staff published notice of the date of the Public Hearing for five consecutive days in the Arizona Republic as required by Arizona Revised Statutes.
Downtown Chandler Community Partnership staff also sent a notice of the Public Hearing to all property owners in the District. The letter advised the property owners that they could file an objection with the City Clerk, should they desire to do so. To date, no objections have been received in the City Clerk's Office. Upon completion of the Public Hearing and authorization of this item, staff will forward the calculated Assessment Roll to the Maricopa County Assessor's Office. The first assessments for the District will be mailed to property owners with their tax bill in July 2023.
Financial Implications:
Assessments in the District are based on three factors, including assessed value (one-third of the assessment), building square footage (one-third of the assessment), and land square footage (one-third of the assessment). All properties are assessed at the same rate, with the exception of buildings along the Historic Square, which are assessed double the building square footage rate.
The Downtown Chandler Community Partnership (DCCP) has requested a 5% inflation adjustment be added to this year's EMSD assessment to all private properties as well the City's voluntary contribution. The DCCP has not requested an increase to account for inflation since its inception in 2005. The total of all assessments is $324,170.26, of which privately-owned property in the District contributes $199,426.06 (62%). In addition, the assessment for City-owned property is capped at $124,744.20, which represents 38% of the total District operating funds for FY 23-24. Funds to provide for the City's contribution to the District have been requested in Downtown Redevelopment's operating budget for FY 23-24.
Attachments
Resolution No. 5692
Affidavit of Mailing
Notice of Hearing on Assessment
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