14th and Market Community Improvement District
Details about the 14th and Market Community Improvement District
An ordinance recommended by the Board of Estimate and Apportionment approving the submission, ratification, execution and filing of Petition For the Creation of 14th and Market Community Improvement District (“Petition”); finding a public purpose; finding blight; approving appointment of the initial Board of Directors thereto; approving the form of Special Assessment Petition (“Assessment Petition”); authorizing execution and submission of Assessment Petition; authorizing certain other actions.
Life of District:
The duration is 30 years from the effective date of the City ordinance approving the petition - Section X of the Petition (Exhibit A to Ordinance 68377).
Boundaries are generally described as follows: bounded by Market Street to the North, South 14th Street to the East, Clark Avenue to the South, and the eastern property lines of 210 South 16th Street and 1500 Market Street to the West.
Apply to Serve (2 openings)
Openings include appointments labeled "Serving Beyond Term."
|Paul McKee Jr.||Member||05/29/2024|
Serving Beyond Term
Serving Beyond Term
Board Duties and Purpose
The CID is authorized by the Amended Petition, in accordance with the CID Act, to impose a sales and use tax upon retail sales made within the CID to provide funds to accomplish any power, duty or purpose of the CID.
The CID is authorized by the CID Act, at any time, to issue obligations, or to enter into agreements with other entities with the authority to issue obligations, for the purpose of carrying out any of its powers, duties, or purposes.
Member RequirementsAppointments require Board of Aldermen approval.
The District is governed by the Board, which is comprised of five (5) members appointed by the Mayor with the consent of the Board of Aldermen. Each Director during his or her term, shall be of real property or of a business operating within the District. The initial Directors shall be appointed as follows:
One (1) Director as a representative of the City;
Two (2) Directors as representatives of Opera House Redevelopment Company,; and
Two (2) Directors as representatives of Kiel Center Partners, L.P.
The terms of the initial Directors appointed shall be in accordance with the act and shall be established upon such initial appointment. The term of office for each of the successor directors shall be for 4-years.
Successor Directors shall be appointed by the Mayor in the same manner as the initial Directors.