Community Improvement District (CID)

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Community Improvement District (CID) 

A financial tool authorized under Section 67.1401-67.1571 of the Revised Statutes of Missouri. Either a political subdivision with the power to impose a special assessment, a real property tax and a sales tax, or a non-profit corporation, with the power to impose special assessments to pay for public improvements. Unlike a neighborhood improvement district (NID) a CID is a separate legal entity that is distinct and apart from the municipality or county that creates the district. A CID is created by petition within the geographical area it is intended to pay for improvements or services are to be provided. The entity may use the CID to afford improvements such as, but not limited to: pedestrian or shopping malls and plazas, parks, lawns, trees and any other landscaping, sidewalks, streets, alleys, bridges, ramps, tunnels, overpasses and underpasses, traffic signs and signals, utilities, drainage, water and sewer systems and other site improvements.

Following its establishment, the CID district may impose a real property tax, sales tax or both to pay for the improvement or service to be provided. There is no limit on the amount of real property tax. The sales tax may be imposed at a rate of 1/8, 1/4, 3/8, 1/2 or 1 percent.