From the Kokomo Tribune:
City officials released plans Monday to add almost another 4,000 acres to the newly expanded city, by annexing land around the new U.S. 31 bypass.
The new annexation push would take in all of the land around three major interchanges — at Markland Avenue, at Boulevard (100 South) and at Ind. 26.
It would also add another 1,267 residents to the city, including those living in the unincorporated area of Oakford.
Most of the land is prime for development, which is why Kokomo Mayor Greg Goodnight urged the council to act Monday.
...
According to the plans released Monday, property tax rates would nearly double for residents living in the annexation area, although property tax caps could mitigate some of the impact.
For those being annexed, the Center Township rate would go from $1.54 per $100 of assessed valuation to $2.98. Other townships would see the following increases:
• Harrison Township — $1.87 to $3.33
• Taylor Township — $1.91 to $3.36
• Howard Township — $1.47 to $2.96
The council will hold a public hearing on the annexation at its Oct. 15 meeting. The plan goes up for a second and final reading at the Nov. 26 council meeting.
http://kokomotribune.com/local/x1555261432/Southeast-annexation-moving-forward
