1. Pedestrian or shopping malls and plazas.
2. Parks, lawns, trees and any other landscape.
3. Convention centers, arenas, aquariums, aviaries and meeting
facilities.
4. Sidewalks, streets, alleys, bridges, ramps tunnels, overpasses and
underpasses, traffic signs and
signals, utilities, drainage, water, storm and sewer systems and
other site improvements.
5. Parking lots, garages or other facilities.
6. Lakes, dams and waterways.
7. Streetscape, lighting, benches or other seating furniture, trash
receptacles, marquees, awnings,
canopies, walls and barriers.
8. Telephone and information booths, bus stop and other shelters,
rest rooms and kiosks.
9. Paintings, murals, display cases, sculptures and fountains.
10. Music, news and child-care facilities.
11. Any other useful, necessary or desired improvement.
How does a CID finance a project?
A CID may be created as either a political
subdivision or a nonprofit corporation. Once created, a CID that is
created as a nonprofit corporation can finance the costs of a project
through the imposition of special assessments for those improvements
that specifically benefit the properties within the district. A CID that
is created as a political subdivision can finance the costs of a project
through the imposition of (1) special assessments for those improvements
that specifically benefit the properties within the district; (2)
property taxes; or (3) a sales tax up to a maximum of I %. Either type
of CID may finance the costs of a project through the imposition of
fees, rents and charges for district property or services or grants,
gifts and donations.
A CID may also issue bonds, notes and other obligations and may
secure any of such obligations by mortgage, pledge, assignment or deed
of trust of any or all of the property and income of the district.
However, the bonds or other obligations of a CID that is created as a
nonprofit corporation will not be tax-exempt.
