CID Overview

Developed from a state constitutional amendment in 1984, Community Improvement Districts (CIDs) are an increasingly popular method of promoting economic growth in Georgia. They are a mechanism for commercial and/or industrial property owners to improve their area(s) by levying an additional property tax on themselves. The funds collected can only be spent within the boundary of the CID and will have a direct and visible impact on contributing properties.

 

Additionally, the collected revenue can leverage funds from local, state, and federal entities to cover the costs of large-scale projects and augment existing services such as, public safety, transportation improvements, street cleaning, and landscaping among others. Conservatively, CID funds can be used to leverage such funds at a ratio of 10 to 1, (i.e. $10.00 federal, state and/or local funds to every $1.00 CID funds). The 28 currently active CIDs have significantly influenced the development of the metro Atlanta region and have expanded to other parts of the state. 

Cornerstone CID Projects:
Browns Bridge Corridor

002-highway.png

Keith Bridge Road Widening from Browns Bridge Rd to Georgia Highway 53

 

Browns Bridge Road Widening from Keith Bridge Rd to Georgia Highway 53

SR 369 (Browns Bridge Road) at GA 400 Interchange Improvement

SR 20 (Canton Highway) Widening from SR 371 (Post Road) to GA 400

SR 20 @ Ronald Reagan Boulevard Intersection Improvements

SR 20@ Lakeland Plaza Intersection Improvements

Cornerstone CID Projects:
State Road 20 Corridor

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How is the CID Formed?

A CID is formed by a group of Property Owners taking on the CID Formation as a project by organizing a Formation Team to contact property owners within the proposed CID and communicating the CID concept and benefits. During the Formation process a Formation Committee is organized, consisting of key stakeholders who may be property owners, business owners, community leaders and/or elected officials. Once the Formation Process is completed, the Tax Commissioner certifies all Consent Forms and then the County Board of Commissioners and/or the City Council passes a Resolution creating the new CID. After the CID is created, the property owners convene to elect a CID Board of Directors. The Board of Directors then determines how the tax proceeds are spent and on what projects to leverage other monies to garner infrastructure improvements within the Community Improvement District.

 

How does the CID Function?

The services provided by CIDs are supplemental to services by the local government that are funded by property tax dollars. Services provided by a CID do not replace these services, only work to enhance and/or support them. The CID leverages its resources by helping to fund studies and preliminary engineering of desired projects as well as attracting both state and federal dollars to the district. The CID does not replace city and county infrastructure improvement programs, but supplements them by providing a means to advance projects within the area.

 

Potential CID Annual Revenue Projections

Source

Owners

Appraised

Assessed

Browns Bridge CID Eligible Parcels

104

$1,278,650,370

$511,460,148

Potential 
CID Revenue
@ 3 MILLS

$1,534,380.44

$2,045,840.59

Potential 
CID Revenue
@ 4 MILLS

$2,557,300.74

Potential 
CID Revenue
@ 5 MILLS

 

Source

Owners

Appraised

Assessed

State Road 20 CID Eligible Parcels

112

$2,278,770,877.50

$911,508,351

Potential 
CID Revenue
@ 3 MILLS

$2,974,525.05

$3,966,033.40

Potential 
CID Revenue
@ 4 MILLS

$4,957,541.76

Potential 
CID Revenue
@ 5 MILLS

Proposed CID Boundary Maps

 
Browns Bridge_Proposed CID Boundary Map.jpg
State Road 20_Proposed CID Boundary Map.jpg

RESOURCES

Documents relative to the CID

 

Thank you for your interest in the formation of CIDs in Forsyth County! Please allow a 24 - 48 hour response time.

Contact Us

For more information or to join the CIDs, contact:

Nicole M. HallCID Formation Consultant

Nickel Works Consulting

(O) 678.525.2500

(E) administration@nickelworks.net

Jimmy Lane, IOM

Executive Vice President

Forsyth County Chamber

(O)  770-887-6461 Ext 109

jlane@focochamber.org

www.focochamber.org