Lyda Krewson sent the following update and attachments out.
Dear DeBal Pl residents & owners…
Tuesday, April 7, is election day. Please vote YES to establish the DeBal Pl SBD.
I have attached a copy of my presentation to the neighborhood, and a copy of the petition. Please take a quick minute to review.
In summary, the proposed DeBaliviere Place SBD is a tax of $.85 per $100 of assessed valuation – to be used for security, beautification & maintenance. The tax will raise a little over $300,000 per year to be spent within the boundaries of the district.
If the SBD passes the DeBaliviere Place Association (DPA) will reduce its dues from $115/yr per condo to $10… and from $57/yr per apartment to $5.
A condo with a current appraised value of $150,000 ( times 19%=assessed value of 28,500) will pay $242 in additional tax, less $105 DPA fee, for a net increase of $137 per year.
I think there are several advantages of the SBD instead of the DPA
1. Every property will pay into the SBD – some bldgs don’t pay into the DPA.
2. The City will bill and collect the tax along with the other property taxes – and then remit it back to the SBD. Taxes are deductible for folks who itemize. This tax will come directly back to the neighborhood… no other tax is like that.
3. The SBD will spend 70+ % of its funds on Security…maybe cops on bikes, maybe lighting, maybe cameras. Last year DPA spent about $65,000 on security… the SBD is prop0sed to spend $225,000 per year on security.
4. Most strong city neighborhoods do have a special tax, the CWE has 7 districts… Southwest Gardens… the Loop… Downtown… the Grove… S Grand… etc. DeBaliviere Place is a great neighborhood, but it needs to ‘step it up’ a bit to be competitive with other choices.
Thanks so much for considering. I hope you will vote yes for the DeBal Pl SBD next Tuesday, April 7.
Please forward to your neighbors… I would also be happy to meet with anyone/group between now and election day to discuss. Give me a ring anytime.
Thanks Lyda
Lyda Krewson
Alderman Ward 28
Presentation: DeBal Pl SBD 2-12-15
Petition: Debaliviere Place SBD Survey & petiton