Mayor's Welcome

Dear Friends,

Welcome to our new web site. To learn more about Cottleville, we invite you to explore the links on this website. You may email me with your questions or comments.

Sincerely,
Don Yarber
Mayor, City of Cottleville

   
      
      
      

 

Community Improvement Districts

A community improvement district (“CID”) may be created for the purpose of financing a wide range of public facilities, improvements or services within a municipality. A CID may fund public facilities or improvements within its boundaries. A CID may also provide a variety of public services within its boundaries. A CID may also demolish, renovate or rehabilitate any building or structure, if the area has been found blighted and the governing body of the municipality has determined that such action is reasonably anticipated to remediate the blighting conditions and will serve a public purpose. §§ 67.1401 – 67.1475 RSMO

A CID is different from a TDD. A TDD can only finance transportation-related improvements, while a CID can finance a wide-array of public improvements and services. A TDD can finance improvements that benefit the property within the boundaries; a CID generally cannot spend money on projects outside of its boundaries. TDD bonds can have a 40-year maturity, while CID bonds are generally limited to 20 years.

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Rob Mosbey,
Jan 11, 2012 12:38 PM