Developer outlines neighborhood improvement district proposal for about 140 lots on 40 acres

A developer representative presented a preliminary plan on April 7 for a Neighborhood Improvement District (NID) to support infrastructure for a proposed subdivision of about 140 lots on roughly 40 acres in Camden County.

Joey McLiney, who provided the presentation and assumptions, told the Camden County Commission the figures shown were estimates and that the developer had not yet provided final cost data. McLiney explained how an NID would be formed, potential interest during construction, note issuance costs and the sequence of steps including a petition, public hearing, short-term notes for construction and later long-term financing.

The packet of estimates presented included a petition price of $4,605,000, total project price of $5,600,000, and total NID improvements of $4,000,000. The presentation listed a ‘‘Total Cost Per Lot (Final Assessment)’’ of $33,000 and an illustrative annual assessment per lot with interest of about $2,639.38. McLiney emphasized those numbers were illustrative only and depend on later developer inputs.

Commissioners discussed risks the county might face if it assumed debt or obligations tied to an NID and compared NIDs with Community Improvement Districts. No motions were made and the commission did not vote to create a district or take formal action; commissioners instead received the information for consideration.

Next steps were not set during the meeting. McLiney’s materials, marked as illustrative estimates, listed standard NID steps: boundary mapping and legal description, petition creation, signatures by the required area, notice of preliminary assessment, public hearing, issuance of short-term construction notes, completion of construction and final assessments, then conversion to long-term financing.