How does a city create a local improvement district?
1. Adopt a resolution of intention to create a local improvement district. 2. Hold a public hearing on the creation of local improvement district. Any property owner who fails to file a protest at this stage waives any objection to the LID creation, the making of the improvements and the inclusion of his property in the LID. 3. Adopt an ordinance creating the local improvement district. Property owners have 30 days to appeal. 4. Notice of bids, award of contract. 5. Adopt a resolution awarding the contract. 6. Engineer’s final cost report and preliminary assessment roll. 7. Adopt a resolution setting the assessment roll. 8. Hold a public hearing on the assessment roll. 9. Adopt an ordinance confirming assessment roll. Property owners have 30 days to appeal their individual assessments. 10. Mail assessment notices. Property owners have 30 days to pay full assessment or agree to make annual installment payments. 11. Adopt an ordinance authorizing issuance of bonds.
Related Questions
- With regard to reporting: The city government oversees the creation of a Cultural District, but do they have to create a position whose role it will be to collect the information?
- Cost & Financing How is a special assessment related to a Utility Local Improvement District (ULID)?
- What is a Local Improvement District (LID)?