Fifth Avenue South SSMID moves forward
A plan to create a new taxing district along Fifth Avenue South in Fort Dodge is advancing.
The City Council on Monday unanimously approved the first reading of a measure creating the Commercial Self-Supported Municipal Improvement District.
Creation of the district was requested by property owners there. A petition signed by 50 percent of the property owners representing the total assessment of the planned district has been received, according to Maggie Carlin, the associate city planner. Such a petition must be signed by at least 25 percent of the property owners.
The proposed district would extend along Fifth Avenue South between 15th and 32nd streets, but would not include the property of Nestle Purina PetCare.
Within that district, each property owner would pay an extra levy of $1 per $1,000 of taxable value. That would generate an estimated $34,000 annually to be spent on sidewalk maintenance and landscaping.
The measure creating the district must be approved two more times by the council.
The proposed SSMID would not be the first one in Fort Dodge. A roughly 33-block downtown area has been a SSMID for more than 30 years.