LIDs WHAT IS A LID? WHAT IS A LID? LID LO LOCA CAL IM IMPRO - - PowerPoint PPT Presentation

LID’s

WHAT IS A LID?

WHAT IS A LID?

LID

LO LOCA CAL IM IMPRO PROVEM VEMENT ENT DIS DISTRI TRICT CT

WH WHY Y A L A LID ID

 Provides a relatively easy way to finance

and construct improvements in a subdivision

 Insures everyone receiving benefit pays

their fair share

Al Allo lowed wed Pr Proje jects cts

 Road Construction  Drainage Improvements  Street Lights  Central Sewer  Road Paving  Sidewalks  Burying existing overhead utilities  Central Water

Pr Project jects s No Not Al Allo lowed wed

 Bringing in to area – New Phone – Electric Power – Gas – Television Cable Service

WH WHO O NE NEED EDS S TO TO WO WORK RK TOGETHE OGETHER? R?

 County Engineer  County Assessor  County Finance Director  County Attorney  BOCC  County Clerk & Recorder  County Treasurer

HO HOW W DO DOES ES TH THE E PR PROC OCESS ESS ST STAR ART? T?

 Request from citizens through the county

engineer’s office

 Area of the LID is determined by citizens,

engineer and assessor working together

 County engineer does a very rough

approximation of costs

– Need to include administrative costs – Hopefully it is the ‘high bid’

IN INTEREST TEREST PE PETITIO TITION ci circulated rculated by ci y citize izens ns

 Door to door or mailed  MUST be signed by owners  Needs to outline costs and payment options – Usually lump sum or over ten years through

annual property taxes

– Paid off upon sale or bought at tax lien sale

RESULTS SULTS

 Tabulated by engineering department  Needs 60% positive response – ALL OWNERS, not just owners who signed  If YES – Sets a public hearing date with the

BOCC

– Letter sent to owners about public hearing

PU PUBLIC BLIC HE HEAR ARING ING

 Comments pro and con – Beware of vocal minority  BOCC determines if an election is to be

held during the annual November election

– If successful, cost of election is included in LID – If unsuccessful

 Up front deposit with clerk and recorder  Recoup actual costs from owners  County picks up cost of election

ELE LECTION CTION

 County attorney draws up ballot question  County clerk includes election question to

affected property owners & residents

– MUST BE REGISTERED VOTERS IN

THE LID DISTRICT

EL ELEC ECTIO TION

if failed

END OF LID

Everyone takes their marbles and goes home

ELECTIO ECTION

Successful

 County engineer hires an engineering firm

for construction design and drawings

 County engineer writes and submits RFP

for project

 Finance is involved in submitting RFP to

bond companies for necessary bonding work

continued

 RFP’s are reviewed – Winner is accepted  Final cost projections are tabulated – RFP is sent to bank for bidding on financing

 Compare rate & terms – select bank

– Lot assessments are calculated

 Word of caution: determine status of lots with zero

density

– Letter mailed to all property owners indicating

total cost, cost per lot, interest rate, annual payment amount if paid over life of LID.

continued

 Public hearing is set with BOCC for final

per lot assessment

– Resolution establishes LID and final

assessment

 Treasurer establishes LID in tax roll

certification

– Determine nomenclature

 Examples

– SEP-Summit Estates Paving – SRWD: Snake River Water District – TCWD: Timber Creek Water District

BO BOND ND PA PAYMENTS MENTS

Established by bonding company

 1st of every month a check is written to bank

for LID funds collected

 June 15th: Bank submits interest payment

statement for payment

PR PROJ OJECT ECT COM OMPLE PLETED TED

 Excess funds (hopefully) are used for other

improvements in the district

 If short of funds; bummer. – Must come out of county general fund

TI TIMELINE MELINE

 YEAR 1 – Establish LID and have

November election

– Petition MUST be in county’s hands by end of

May if ballot question is to be on November General Election ballot of the same year

 Needs preplanning by interested citizens to meet

May deadline

– Develop scope of work, draft letter to property owners, meet public noticing requirements

– Hire engineering firm to develop design and construction drawings

TI TIMELINE MELINE

 YEAR 2 – February: Bid project for construction

management and construction

– June: Start construction – September: Complete Construction – October: Set final per lot assessment based on

actual costs

En Engi gineer neer Let Lette ter

TI TIME MELINE LINE

 YEAR 3: Pay first installment of

assessment as noted on property tax bill.

– Collect pre-pays by established date  Timeline is dependent on scope and

complexity of work

THAT’S ALL THERE IS TO TO KN KNOW

Questions and thoughts?