Saturday, January 29, 2011
Mayor Nancolas called into question the land area and cited it at no more than 1.6 square miles or 10% of our fair city as required by Idaho Code. We would offer that the total property taxes collected in Caldwell amount to about $18MM with CEURA taking about $6MM every year right off the top of property taxes to fund all the magical goodies cited by Mayor Nancolas in his state of the city address earlier this month.
The Idaho Press Tribune put a correction notice on the front page stating Mayor Nancolas' issue with our statement about the land area of CEURA. We are offering the above photo of the CEURA map as posted on the CCEDC website. Here's a link to the official map Caldwell Urban Renewal Map . We encourage you to judge for yourself just how much of the city is taken in by CEURA.
We stand by our original statement of about 50% of Caldwell in the urban renweal district. You can use the color legend at the bottom of the officidal map to help in your assessment of who is closest on this estimation of our magical urban renewal district. The goldenrod and green areas of the map are in the urban renewal district of Caldwell.
We would also hope the good people at the IPT will hold Mayor Nancolas to the same standars of backing up his statements with facts. To that end we offer the following from Idaho Code 50-2903(15). It clearly states Urban Renewal Districts can take no more than 10% of the BASE ASSESSED VALUATION in the year the agency is formed:
(15) "Revenue allocation area" means that portion of an urban renewal area or competitively disadvantaged border community area the equalized assessed valuation (as shown by the taxable property assessment rolls) of which the local governing body has determined, on and as a part of an urban renewal plan, is likely to increase as a result of the initiation of an urban renewal project or competitively disadvantaged border community area. The base assessment roll or rolls of revenue allocation area or areas shall not exceed at any time ten percent (10%) of the current assessed valuation of all taxable property within the municipality
Posted by Paul Alldredge at 11:20 AM