COMMUNITY IMPROVEMENT DISTRICT Downtown Dutchtown Business Association 1.

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Presentation transcript:

COMMUNITY IMPROVEMENT DISTRICT Downtown Dutchtown Business Association 1

Agenda  What is a CID  Organization  Governance  Budgeting & Responsibilities  Current Examples  Dutchtown CID  Timeline 2

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 -

 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 CID 4

 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

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

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 FacilitiesServices

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

CIDs in St. Louis  Downtown  The Grove  South Grand  Flora Place 9

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

Dutchtown Business Corridor CID  Security Bicycle Police Officer Lighting  Beautification and Infrastructure Parking Traffic and Road Upgrades  Marketing & Promotion  Bond Projects Funding OpportunitiesOther Benefits 11

Timeline Timeline Months  Community Input  Draft Petition, Including Developing Five-Year Plan  Petition Drive  Board of Alderman Approval  Ordinance  Board Elections  Funding 12