special assessment district

special assessment district

A specifically defined geographical area of property owners who have requested some public improvement and agreed to pay for that improvement through pro rata charges levied against owners within the district.

References in periodicals archive ?
The special assessment district was created when United Apartments Operations Manager Rick McGuirk approached the city in early 2013 about obtaining a zoning variance for the new multi-family dwellings United Apartments is constructing on the 900 and 1,000 blocks of South Washington Street
In September 2012, the Homer City Council adopted Resolution 12-069 which initiated the Natural Gas Distribution System Special Assessment District (SAD) as a way to make natural gas available to the majority of the city's residents.
This form of finance, which includes tax increment financing districts and special assessment district financing, represents the fastest-growing area of development finance.
If the special assessment district is approved by a simple majority of voters, the Santa Clarita City Council would schedule a special meeting to declare the results.
Martin also held responsibility for the District's sale of an important parcel of land on Pennsylvania Avenue for the new headquarters of The Freedom Forum/ Newseum and for the establishment of a special assessment district used to help finance the new $80 million metro station at New York Avenue, NW.
The Downtown Long Beach (California) Associates, a nonprofit organization operating on behalf of the property owners and tenants of a special assessment district, is pairing its Downtown Guides with outreach workers to increase contact between homeless individuals and service providers.
On Tuesday, the Santa Clarita City Council approved a plan to draft a measure to form a special assessment district with the goal of saving some open space from development.
To remove the Dry Creek properties from the flood zone, rite city required channel improvements to keep potential flooding at bay The challenge to the contractor was to persuade all the adjacent property owners to voluntarily agree to create a special assessment district (SAD) to finance needed flood control improvements.
Tax revenues will not rise as a special assessment district develops, but the debt burden will improve.
Concerned by quality of life and security issues, Douglas Elliman's Howard Milstein is mobilizing an effort to blanket the Upper East Side with 100 round-the--clock security guards as part of a proposed special assessment district which would raise as much as $20 million a year to pay for the private policing.
Saginaw County approved a countywide special assessment district which will make it easier for businesses and nonprofits to confront energy efficiency and renewable energy projects.
Under the new law (1996 Kansas State House Bill 2923) a special assessment district can be created for one or more buildings, allowing property owners to take advantage of this financing method without affecting adjacent properties or having to involve multiple properties.
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