Rio Verde Improvement District
Description: The City of Scottsdale received a request to form an Improvement District (ID) to bring water, sewer and dry utility improvements to a segment of Rio Verde Dr. from 122nd St. to 142nd St., and an area generally bounded by 128th St., Jomax Rd., 136th St., and Rio Verde Drive. The request for the improvement district has been brought forward to the city by a private developer, and if formed the cost of the improvements will be allocated to the property owners within the district.
The following documents contain addition information on the proposed Improvement District:
What is an Improvement District (ID)?
An ID is a financial instrument that provides a long-term payment plan, with relatively low interest rates, which allows property owners to upgrade various infrastructure in their neighborhood. Such improvements may include: permanent street and alley paving; streetlight installation; sanitary sewer extensions; and the undergrounding of overhead utility wires in view-sensitive areas. Each property owner will be assessed according to the benefit to their respective property and the amount each property owner pays must be proportional.