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Special Improvement Districts, or SID’s as they are more commonly called, are essentially identical to LID’s in that they are money paid to a governing body for items used for basic daily function, i.e. sidewalks, streetlights, fire hydrants, etc. Just like LID’s, SID’s are either paid by the builder and incorporated into the HOA or the price of the house, or passed directly onto the consumer and in the form of a bill once or twice a year. Both SID’s and LID’s are typically initially funded by raising municipal bonds and then paid back by the builder or home owner. The Summerland District of Las Vegas details how they have appropriated the usage of their SID money and how much was needed in this article: http://www.vegasresidences.com/adrianteam/info_summerlin_sid_lid.htm
Difference between SID’s and LID’sThe main difference is that LID’s are formed by a county while SID’s are formed by a municipality. The money is used essentially for the same thing. Master-planned communities are typically funded using SID’s.
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