Saturday, October 18, 2008

Parkville Old Towne Market Community Improvement District

What's a "CID"? How is a CID managed? How does it get its money? What does a CID do with its money? How many CIDs do we have in Parkville? How do I find about the CID where I shop or live?

These are all good questions. First, a CID is a political subdivision of the city, it is comprised of a board of directors who are approved by the Board of Aldermen. The officers of the CID are nominated and voted on by the board members; the officers are a President, Vice President, Secretary and a Treasurer. The CID receives its money from a voter-approved sales tax that is levied on all sales within the boundaries of the CID. The sales tax is collected by the businesses, paid to the state and the state sends the CID's share directly to the CID's bank. Each CID is set up differently, but in the case of the Parkville Old Towne Market Community Improvement District, POTMCID, it uses its money to fund grant requests presented to it by organizations that operates within its boundaries. In the case of the POTMCID, to date the on;y grant requests received have been from the Main Street Parkville Association, MSPA, which is an entity within the Parkville Community Development Corporation, PCDC. The grants are used to pay for a wide variety of worthy endevours, including marketing, special events and beautification.

In parkville there are currently two CIDs. The POTMCID and the Parkville Commons Community Improvement District, PC1CID. The latter is a CID set up to utilize the 1% sales tax collected in the Parkville Commons shopping center. The POTMCID also collectes a 1% sales tax which is the same as what the City of Parkville collects. Informaton about either CID can be had by contacting the Parkville City Hall, however, for the POTMCID, you can e-mail me directly at fishmanjack@gmail.com. MeetingS for CIDs are open to the public and I encourage anyone with an interest to attend at least one meeting of either, or both.

==JFK==

1 comment:

Anonymous said...

The POTMCID has just today issued checks to the Main Street Parkville Association in the ammounts, and for the purposes, shown below:

(1) $10,000.00 for the final payment due on a grant first approved in December, 2007.
(2) $5669.40 to fund part of the expense of the parkvillemo.org web site.
(3) $1,000.00 for a Hometown Holiday Streetscape program to purchase flags for downtown holiday decoration.

John Farrell Kuhns
POTMCID Treasurer