9/5/12 Public Notice of Public Hearing


Under the provisions of Section 67.110 RSMo., notice is hereby provided that the members of the Chesterfield City Council will hold a public hearing at 6:45 p.m. on Wednesday, September 5, 2012, in the City Council Chambers at City Hall, 690 Chesterfield Parkway West. The purpose of the public hearing is to allow citizen input with regard to the real and personal property tax rate to be set to repay principal and interest on general obligation bonds for parks.
2012 2011
Assessed Valuation:
Real Estate 1,538,288,370 1,536,986,360
State and Local Assessed Railroads & Utilities (RE) 15,415,424 15,679,903
Personal Property 223,211,810 226,585,010
State and Local Assessed Railroads & Utilities (PP) 2,733,080 2,692,130
Total Assessed Valuation $1,779,648,684 $1,781,943,403

Amount of revenue to be provided
for the repayment of general
obligation bonds for parks $ 512,699 *

Proposed Tax Rate for 2012 $0.03 per $100 assessed valuation


* Revenue = (Assessed Valuation x .03/100) less 1% County Fee and 3% Uncollectible Allowance

For more information, please contact Michael G. Herring, City Administrator, at 636-537-4711


Michael G. Herring, ICMA-CM
City Administrator