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Property values and homeowners benefit where districts are formed for the purpose of building streets and other community infrastructure. PIDs have been successfully used across the country for decades as a way to cost-effectively finance needed community improvements.
A Public Improvement District begins with a plan which outlines which properties are to be included, exactly what infrastructure or improvements are to be provided and their anticipated costs along with how those costs will be paid over time. The PID can only be created after a vote of those property owners within the proposed district and approval by the governing body of that area.
The creation of an election to form a district is approved not by the developer or the builder, but rather the governing body which has jurisdiction over the area the district is located. If the election is successful, a district is formed which addresses all aspects of the PID.