The Basics of a Community Improvement District (CID)

Manage episode 192394033 series 1369763
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In the final part of this short series on incentives, let’s talk about a tool used to improve larger sections of a community. The Community Improvement District, or CID, is a separate political subdivision with an appointed board and the power to impose sales and/or property taxes. CIDs can be formed by an ordinance within a governing body when more than 50% of the property owners sign a petition for it be created. Money collected by a CID may go toward public facilities or a variety of public services. We have a downtown CID here in Cape. It was created in 2014 after more than 50% of the property owners in the defined region signed the petition. Mayor Rediger appointed and the City Council approved seven of the property owners to serve on the board. Our downtown CID was established to provide trash and litter pickup, streetscape maintenance, holiday decorations, additional security personnel, security camera incentive programs, marketing and special events. This example and the others

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