Airport Plaza CID
Established
2005, amended 2007 and 2008
Life
25 years or when the improvements are reimbursed, whichever comes first
Revenue Sources
Sales tax not to exceed 1.0%
District Purpose
Street and stormwater improvements, utility improvements, lighting, traffic light
College Station CID
Established
Life
50 years from effective date of ordinance (January 23, 2006)
Revenue Sources
Sales tax not to exceed 1.0%
District Purpose
Construct and equip College Station parking deck
Commercial Street CID
Established
Life
10 years from the effective date of the ordinance establishing the District(June 15, 2009)
Revenue Sources
0.375% sales tax, effective July1, 2010.
District Purpose
Supplemental police patrols, street furniture, sidewalk maintenance, landscaping, holiday lights, trash removal, advertising, and public transportation between Commercial Street and the Center City district.
Convention and Entertainment CID
Established
Life
Until the bonds are paid in full or 50 years, whichever comes first
Revenue Sources
Business license tax not to exceed 4%; gate tax through a business license tax of 25 cents per ticket on all admissions at the baseball stadium, Expo Center, and Trade Center; property tax not to exceed $54/$100 assessed value*
District Purpose
Construct, maintain, and equip Exposition Center and Arena, assist in constructing and equipping parking garage and surface parking, assist in acquiring, constructing, and equipping Baseball Stadium*
*Note
that the high property tax ($54/$100 assessed value) would only come into play if
bonds were issued to finance the baseball stadium and the revenues were not sufficient
to retire the bonds. The only property owners in the C&E CID are the City
of Springfield and John Q. Hammons so this tax only impacts Mr. Hammons’ properties.
Also note that a business license tax was used in this CID because the original
State enabling legislation did not include the ability to levy a sales tax.”
Heer's Tower CID
Established
Life
50 years from effective date of ordinance (January 23, 2006)
Revenue Sources
Sales tax not to exceed 1.0%
District Purpose
Construct and equip Heer's Tower parking deck
James River Commons CID
Established
Life
The latest of December 12, 2035, or when all CID projects are reimbursed, or bonds issued by the CID for CID projects are fully repaid
Revenue Sources
Sales tax not to exceed 1.0%
District Purpose
Street improvements, site grading, stomwater improvements, traffic signals
Northwest Area CID
Established
Life
25 years or when the improvements are reimbursed, whichever comes first
Revenue Sources
Sales tax not to exceed 0.50%
District Purpose
Street and stormwater improvements, bus turnout, street lighting
Downtown Springfield CID
Established
Life
Revenue Sources
Sales tax not to exceed 0.25%; property tax not to exceed 75 cents/$100 assessed value
District Purpose
Sidewalk cleaning, parking enforcement, marketing
The Shoppes at James River CID
Established
Life
50 years or when the improvements are reimbursed, whichever comes first
Revenue Sources
Currently, none. A sales tax, not to exceed 1.0%, may be imposed if approved by majority vote of qualified voters within the District.
District Purpose
Storm water detention, site grading, utility construction, maintenance and marketing.