community improvement district
DESCRIPTION
Community Improvement District. Downtown Dutchtown Business Association. Agenda. What is a CID Organization Governance Budgeting & Responsibilities Current Examples Dutchtown CID Timeline. Community Improvement District. A Community Improvement District (CID) may be either a - PowerPoint PPT PresentationTRANSCRIPT
COMMUNITY IMPROVEMENT DISTRICTDowntown Dutchtown Business Association
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Agenda
What is a CID Organization Governance Budgeting & Responsibilities
Current Examples Dutchtown CID Timeline
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Community Improvement District
A Community Improvement District (CID) may be either a Political subdivision Not-for-profit corporation
CIDs are organized for the purpose of financing: Public-use facilities Managing policies and public services
relative to the needs of the district.
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Source - http://www.missouridevelopment.org/community%20services/Local%20Finance%20Initiatives/Community%20Improvement%20District.html
By request petition, signed by property owners owning at least 50% of the assessed value of the real
property, and More than 50% per capita of all owners of
real property within the proposed CID, Presented for authorizing ordnance to
the Board of Aldermen
Organizing a CID4
Organizing a CID
Language contained in the petition narrative must include: Five year plan
Purposes of proposed district Services provided Improvements made Cost estimates of those services and improvements Maximum rates of property taxes and special
assessments that may be imposed within the proposed district.
Organization & Governance Whether the governing board would be elected or
appointed.
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Supporting Organizations
Unlike a Neighborhood Improvement District, a CID is a separate legal entity, Distinct & apart from municipality that
creates it. CID is created by ordnance of the
governing body of the municipality in which the CID is located, May have other direct organizational or
operational ties to the local government, depending upon the charter of the CID.
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Typical Budget Items
Parks, lawns, gardens, trees or other landscapes
Streetscapes, lighting, benches, marquees, awnings, canopies, trash receptacles, walls
Lakes, dams and waterways Sidewalks, streets, alleyways,
bridges, ramps, tunnels, traffic signs and signals utilities, drainage works, water, storm and sewer systems and other site improvements
Parking lots, garages Child care facilities and any other
useful, necessary or desired improvement
Paintings, murals, fountains or kiosks
Operating or contracting for the operation of parking facilities, shuttle bus services
Leasing space for sidewalk café tables and chairs
Providing trash collection and disposal services
With consent of the municipality, prohibiting, or restricting vehicular and pedestrian traffic and vendors on streets
Within a designated “blighted area”, contract with any private property owner to demolish, or rehabilitate any building or structure owned by such property owner
Providing or contracting for security personnel, equipment or facilities
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Facilities Services
Financial Resources
Funding of CID projects and services must be set forth in the requesting petition
Funding may be accomplished by District-wide special assessment, rents, fees,
and charges for the use of CID property or services, grants, gifts or donations.
If the CID is organized as a political subdivision, property and sales taxes may also be imposed within the boundaries of the CID.
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CIDs in St. Louis
DowntownThe GroveSouth GrandFlora Place
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Dutchtown Business Corridor CID
Areas under consideration: Grand from
Chippewa to Meramec
Kingsland Court Meramec from
Grand to Broadway Virginia from
Meramec to Bates
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Dutchtown Business Corridor CID
Security Bicycle Police Officer Lighting
Beautification and Infrastructure Parking Traffic and Road
Upgrades Marketing &
Promotion
Bond Projects
Funding Opportunities Other Benefits
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Timeline
Timeline - 12-18 Months Community Input Draft Petition, Including
Developing Five-Year Plan Petition Drive Board of Alderman Approval Ordinance Board Elections Funding
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