Community Improvement District

12
COMMUNITY IMPROVEMENT DISTRICT Downtown Dutchtown Business Association 1

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 Presentation

Transcript of Community Improvement District

Page 1: Community Improvement District

COMMUNITY IMPROVEMENT DISTRICTDowntown Dutchtown Business Association

1

Page 2: Community Improvement District

Agenda

What is a CID Organization Governance Budgeting & Responsibilities

Current Examples Dutchtown CID Timeline

2

Page 3: Community Improvement District

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.

3

Source - http://www.missouridevelopment.org/community%20services/Local%20Finance%20Initiatives/Community%20Improvement%20District.html

Page 4: Community Improvement District

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

Page 5: Community Improvement District

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. 

5

Page 6: Community Improvement District

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.

6

Page 7: Community Improvement District

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

7

Facilities Services

Page 8: Community Improvement District

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.

8

Page 9: Community Improvement District

CIDs in St. Louis

DowntownThe GroveSouth GrandFlora Place

9

Page 10: Community Improvement District

Dutchtown Business Corridor CID

Areas under consideration: Grand from

Chippewa to Meramec

Kingsland Court Meramec from

Grand to Broadway Virginia from

Meramec to Bates

10

Page 11: Community Improvement District

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

11

Page 12: Community Improvement District

Timeline

Timeline - 12-18 Months Community Input Draft Petition, Including

Developing Five-Year Plan Petition Drive Board of Alderman Approval Ordinance Board Elections Funding

12