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Commission adopts public infrastructure district policy to guide PID applications, caps residential levy at 5 mills
Summary
The commission approved a county policy setting application requirements and review criteria for Public Infrastructure Districts (PIDs); the policy sets a $10 million minimum infrastructure threshold and recommends a 5-mill cap on primary-residence levies while preserving county discretion and a fee schedule to cover administrative costs.
The Iron County Commission adopted a policy establishing application requirements, review criteria and an approval process for Public Infrastructure Districts (PIDs).
Marcus Keller (Cruz & Associates) and county staff explained PIDs are a state-authorized financing tool that creates a local district able to issue tax-exempt bonds for public infrastructure tied to a project. The creating entity (the county for unincorporated land) controls governance and can authorize taxing or special-assessment authority within the PID's boundaries; bond proceeds typically finance infrastructure that…
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