Neighborhood Improvement District (NID)
A financial tool authorized under Section 67.453-67.475 of the Missouri Statutes. Its primary use is in making public improvements which in turn would stimulate private development. The NID affords the opportunity of purchasing property, opening, extending or improving streets, curbs, crosswalks, water works, lift stations, landscaping, recreational facilities, etc. The District is established through either a vote or proper petition, of no less than 2/3 of all property located within the proposed district, to the governing body. NID’s are limited to the collection of real property tax assessment for the purpose of retiring the NID development proposal. The governing body may issue temporary notes to pay the improvement costs in an amount not to exceed the estimated cost of the improvement. These notes are general obligations of the city.