Just got the news: Next Wednesday, October 3, City Commissioner Sam Adams will announce that he’s running for mayor.

The announcement will be an informal event at 5:30 pm at Roots Organic Brewing Company (1520 SE 7th), one of the 100 or so businesses Adams visited during his first 100 days in office. A more formal campaign kickoff will happen in the next month.

“It’s time to get going,” he says.

And with that, the campaign floodgates are open. Expect to see multiple campaign announcements for the seat he’s vacating in the coming weeks.

Update: Adams says he will not be using the city’s Voter-Owned Elections program in his race.

“Even though I’m supportive of the program, because I voted to institute it, it has the appearance of a conflict of interest,” he says. (Erik Sten might have a little trouble with that reasoning.)

What he will do, however, is limit each individual contribution to $500, and overall contributions to $200,000, the amount that mayoral candidates get under the VOE public campaign financing program. He’ll collect and spend more if another candidate goes over that amount, or if there are “independent expenditures” against him.

It’s not quite Potter For Mayor levels of contribution limits, but it’s a far cry from previous mayoral campaigns, which have raised millions.