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local improvement district

   Also found in: Acronyms, Wikipedia 0.01 sec.
local improvement district

A mechanism for property owners with common concerns to band together and assess themselves for purely local improvements such as sidewalk repair, neighborhood park rehabilitation, irrigation, and flood control. The local improvement districts must be authorized by state law and follow specific state procedures for formation, governance, and the issuance of bonds to finance the projects.



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City Council members will hear protests to the local improvement district assessments beginning Monday, Nov.
The majority of property owners along Chad Drive supported the project, which allowed the city to approve a local improvement district for the area.
15Êmillion for Local Improvement District financing and assessments.
 
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