Community Improvement Districts (CID) and Neighborhood Improvements Districts (NID) are an option to assist reinvestment into older commercial and residential areas.
Community Improvement District (CID) A CID is a special purpose district that can be established for the purpose of encouraging economic development in that district.
- The district can levy taxes, a special assessment, a license tax and/or a sales tax to fund improvements and accomplish specific services approved by a CID Board of Directors.
- The CID district is managed by a Board of Directors in accordance with an annual report and budget that is reviewed by the City.
Neighborhood Improvement Districts (NID)
- A NID is a special purpose district that can be established to fund public improvements within a neighborhood.
- It requires a vote of the property owners located within the district or by petition signed by 2/3 of the property owners within the district.