local improvement district


Also found in: Acronyms.

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.

References in periodicals archive ?
Often abbreviated "special benefit study," a special benefit/proportionate assessment study is a method of allocating local improvement district assessments, or other municipal assessments for public improvements, to the properties specially benefitted, in proportion to the special benefit derived by each property from the project.
So-called local improvement districts finance the rebuilding of streets to city standards with new pavement, sidewalks, curbs, gutters and storm sewers.
Council meeting: Public hearings on proposed local improvement district for wastewater services for South 38th Street and Cherokee Drive; annexation of property to the city, Lane County Metropolitan Wasterwater Service District and Willamalane Park and Recreation District and withdrawing the property from the Glenwood Water District; proposed five-year lease/purchase of three fire trucks.
Heeding the will of a City Council goal to run an 8-inch sewer line down East Bolton Road by next fall, the staff has notified Norwood and his neighbors that Veneta may create a local improvement district to foot the bill - that is, for the 30 property owners on that street to foot the bill - between $3,700 and tens of thousands of dollars.
Agenda includes action, Crest Drive local improvement district, approval of 2010 fiscal year budget.
Pishioneri favored using money generated from urban renewal or local improvement districts, while Bean wanted to draw more businesses and residents to the city to raise the needed revenue.
Special assessment districts -- Local improvement districts ("LID") -- Special tax districts -- Business improvement districts ("BID") -- Maintenance or services districts
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