Summary
CID or Community Improvement Districts allow for project-specific funding to be created through an additional sales tax on the commercial property.
The City has worked with CID or Community Improvement Districts allowing for project-specific funding to be created through an additional sales tax on the commercial property. This is for the sole purpose of refunding expenses during construction of one specific portion of the project such as a parking lot which for example could include the cost for concrete, rock, asphalt or other parking surface including lighting or security within that project section. This is a sunset incentive based on recouping the specific expense.