The City designates Benefit District areas as a fair method to:
- Pay for infrastructure associated with new development.
- Protect residents in established areas from an obligation to pay for development in new areas.
General Obligation Bonds (GO Bonds) are issued by the City for construction of public improvements.
- The costs are assessed to the properties that benefit from the development.
- The City retires the GO Bonds through the payments of special assessments.
Examples of Benefit District development include:
- arterial roadways
- water lines
- sanitary sewers