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 ?
The A1 rating on the consolidated local improvement district (CLID) bonds incorporates the strength of the security over and above the special assessments that are pledged.
The city's Consolidated Local Improvement District No.
So-called local improvement districts finance the rebuilding of streets to city standards with new pavement, sidewalks, curbs, gutters and storm sewers.
That's welcome news to residents, who have complained to the city that its proposal for a local improvement district here constituted an undue economic hardship.
The majority of property owners along Chad Drive supported the project, which allowed the city to approve a local improvement district for the area.
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.
To rebuild streets, the city forms local improvement districts. Affected property owners are assessed for the work and can pay it in installments, typically over 10 years.
So-called local improvement districts pay for the occasional rebuilding of streets, many of them constructed years ago before the areas were annexed by the city and barely maintained by the city since.
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