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

Jul 17, 2023 •34 likes •274 views

LIDs 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

  1. LID’s

  2. WHAT IS A LID?

  3. WHAT IS A LID?

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

  5. 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

  6. 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

  7. Pr Project jects s No Not Al Allo lowed wed  Bringing in to area – New Phone – Electric Power – Gas – Television Cable Service

  8. 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

  9. HO HOW W DO DOES ES TH THE E PR PROC OCESS ESS STAR ST 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’

  10. 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

  11. 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

  12. 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

  13. 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

  14. EL ELEC ECTIO TION if failed END OF LID Everyone takes their marbles and goes home

  15. 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

  16. 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.

  17. 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

  18. BO BOND ND PA PAYMENTS MENTS Established by bonding company  1 st of every month a check is written to bank for LID funds collected  June 15 th : Bank submits interest payment statement for payment

  19. 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

  20. 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

  21. 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

  22. En Engi gineer neer Let Lette ter

  23. 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

  24. THAT’S ALL THERE IS TO TO KN KNOW  Questions and thoughts?

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