Why use LID’s?

LID’s allow expansion of infrastructure or improvements to existing neighborhoods using funds contributed by the benefited property. The cost of the improvements is divided proportionally among the properties participating in the LID. LID’s also allow for payment for the improvements to be stretched out over a period of 10-15 years at a low interest rate.

Show All Answers

1. What does LID stand for?
2. What is an LID?
3. Why use LID’s?
4. Who do I talk to if I want to form an LID?
5. How do I start an LID?
6. What if I do not want to participate in the LID?
7. What happens at the LID Formation Hearing?
8. Who do I make my payment out to?
9. Can I make monthly payments?
10. Is there a payment grace period?
11. How is interest charged?
12. Is there payment assistance available?
13. Why is the title company telling me there is a lien on my property?
14. Why isn’t this included in my mortgage payment like property taxes?
15. What Statutes govern LID’s?