What are the advantages of an LID?
Property owners are able to spread the cost of the improvements over a period of time and may take advantage of the City’s ability to borrow money at lower interest rates than individuals. The larger, more expansive LIDs also allow property owners not familiar with construction, contracting , engineering or financing to depend on the City to undertake the process for them, acting as agent to manage the project ‘s design and construction.

Show All Answers

1. What is an LID?
2. Why form an improvement district?
3. What are the advantages of an LID?
4. What are the disadvantages of an LID?
5. How long does it take?
6. Is there any limit on the size of an LID?
7. What is a ULID?
8. What is the difference between an LID and ULID?
9. Can I protest the LID?
10. How do I protest?
11. What costs are involved in an improvement district?
12. Who is responsible for these costs?
13. Why doesn’t the City pay for these improvements using taxes paid by citizens?
14. How does the City levy LID assessments?
15. Are there any upfront, or initial, costs?