Why is a Public Improvement District created?

PID's are created to finance certain public improvements (roadway improvements and utility improvements) that are required for and provide specific benefits to property within the project. The proportionate cost of these authorized public improvements including debt issuance costs represents the assessments levied on the property within the PID to be collected from all benefited.

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1. What is a Public Improvement District (PID) ?
2. Why is a Public Improvement District created?
3. What is a Public Improvement District Assessment?