What Is Community Infrastructure District ("CID")?

General Article

The Background of CID – As the development of real estate continues to expand in Idaho, the impact caused by such expansion requires the necessary construction of public infrastructure to accommodate such growth. In 2008, Idaho legislature enacted the Idaho Community Infrastructure District Act (“Act”). The purpose of the Act was to create new mechanism for the financing of public improvements for the public agencies and developers alike. The Act, styled after similar legislation in New Mexico and Florida, addressed a critical issue of how to pay for new public improvement burdens in a cost effective manner. The Act authorizes bonds to be issued and repaid with a mechanism that taxes or assesses the land benefiting by the new public improvements. This provides for much needed community development which may otherwise be infeasible due to the significant costs imposed by the extensive public improvement burdens. At the present time, a Community Infrastructure District (“CID”) is allowed in an incorporated city or in the county if within the City’s comprehensive planning area and the city consents to the CID formation. The Act allows for the issuance of general obligation bonds, special assessment bonds or revenue bonds or any combination thereof. The projected annual assessment, tax or revenue stream secures the repayment of the bonds.

Eligible Public Improvements Available For CID Financing

  • Water Improvements
  • Sewer Improvements
  • Flood Control Projects
  • Roadways
  • Public Parking Structures
  • Landscaping and Lakes
  • Lighting and Traffic Control
  • Parks
  • Recreational Facilities
  • Public Safety Facilities
  • Financing Costs
  • Real Property Interests
  • Development Impact Fees

A sound CID should be established with the following overall objectives in mind:

The real estate developer’s financial goals should be met whenever reasonably possible since their project and its customers will be repaying the borrowing costs of the CID financing so long as it does not present any undue credit risk;

The real estate developer should use an experienced consultant to assist them in understanding all available options when going through the CID process;

On larger development projects, the CID financing should be structured to allow for multiple bond issues at different points in time and improvement areas should be employed to minimize the financial obligation on unimproved or underdeveloped property; The particular development project characteristics or constraints should be understood so that relevant risk associated with the project’s development and its ability to repay bond debt is clear. Examples of this are environmental constraints, infrastructure constraints, and private financing caps;

The legal and engineering side of the construction and/or acquisition of the improvements should be understood if tax exempt bond financing is being used. More specifically, the specific construction related guidelines and procedures should be spelled out when a real estate developer is constructing the public improvements and seeking reimbursement from CID bond proceeds;

The estimated annual cost and the maximum annual cost of the CID financing to the borne by all property owners involved in the development process needs to be fully understood and properly disclosed; and

The project’s appraised value needs to be properly … Read More

Power Tools Point Launches All-Inclusive Site For Hammer Drill Buyers

Home Products & Services

FOR IMMEDIATE RELEASE

(Homestead, PA)–In an ever increasing DIY world, and one where entrepreneurs are rapidly expanding their presence, power tools such as the hammer drill are progressively in demand. According to David Richardson, spokesperson for Power Tools Point, making the right choice on a tool is more important than ever. Says Richardson, “In the past, a drill was the go-to tool for most handymen, electricians, plumbers, etc. But, in today’s world, that’s rapidly changing. The Hammer Drill is replacing the old cordless drill of the past, converting the tool into a conventional drill for wood or metal work.”

The problem, says Richardson, is that these rotary hammers or robo-drills are more expensive than regular drills. With this in mind, Power Tools Point (www.powertoolspoint.com) has launched an all-inclusive review site, allowing consumers to compare products before purchasing. According to Richardson, consumers have many product questions, and most of the salesmen in tool stores are unprepared to answer them. “We were constantly getting the same type of questions: What is a hammer drill? How does it work and how does it differ from an impact drill? What are the features that mark a tool as the best hammer drill? These are just some of the questions that our site seeks to answer.”

Finding the right drill can take some intense research, claims Richardson. “If you are interested in buying a hammer drill, whatever your purpose may be, you would always go for the best hammer drill there is. The first thing you have to do then is to look for available brands and models in the market right now. We aim to take the confusion out of the hunt. It is always a smart practice to buy a product that is only within the means you are willing and, most importantly, able to spend. The best hammer drill isn’t necessarily the most expensive one in the market as that product might not exactly fit your purpose.”

The site (powertoolspoint.com) features reviews, advice and how-to information for buyers.

About Power Tools Point:

Power Tools Point is an online resource for consumers to compare and contrast various hammer drills. Aimed at both” the handyman and the DIY enthusiast, the blog styled site answers all questions regarding this specialized tool. Further, they offer advice to consumers, helping prepare them for shopping before investing in such an industrial-type tool.… Read More

Kitchen Remodeling And Ideas On A Budget

General Article

While at one point in time the kitchen was primarily viewed as a service area for cooking, now days the kitchen has turned into a room that is multi-functional and central to many of the activities in the family. The past century has brought about the emergence of both function and interior design within the room we call a kitchen.

When it comes to kitchen remodeling and other kitchen ideas, it can take a huge budget to remodel and update the interior design within this room. Believe it or not, the average costs for remodeling kitchens in the past few years have topped $25,000. It definitely is no wonder that the kitchen has been considered one of the most expensive remodeling projects that most homeowners undertake.

If you are one of the many people wanting to remodel your kitchen, inspired by the beautiful photos of lovely kitchens on television and in magazines, you may feel that your budget is keeping your dream kitchen out of reach. However, even if you don’t have a huge budget, you do have some options. There are a variety of ways that you can remodel and update your kitchen without totally going broke.

Believe it or not, kitchen remodeling and ideas do not always have to be very expensive. You may be shocked at the variety of ways that you can get a beautiful kitchen while still saving money and staying within your limited budget.

While you may not want to undertake an entire kitchen remodeling project, there are a variety of great kitchen ideas that can update the way your kitchen looks, even without spending a great deal of money. The following are some great kitchen ideas that will improve the look of your kitchen without breaking your budget.

Improve the Lighting – One of the most cost effective kitchen ideas to get a modern look is to update the lighting in your kitchen. There are a variety of economical ways that you can change the lighting to give your kitchen a great look. Halogen lights may be a great idea as well, but if you choose them, consider the ones that bounce off the ceiling. Many come with a dimmer that will allow you to choose the amount of light you need. Task lighting is also inexpensive to install in your kitchen. This type of lighting is great above the sink or above countertops as well. If you want to make a fashion statement or highlight a specific part of your kitchen, accent lighting may be a great choice.

Use Some Paint – If you want a new kitchen look, one of the best kitchen ideas is to add a few coats of paint. Paint is fairly inexpensive, and you can totally change the look of your kitchen with a bit of paint. Consider painting your kitchen cabinets. You can add some color to your drab kitchen, just by painting your cabinets. When it comes to your kitchen walls, you can get creative … Read More

St. Louis Realty Advisors Announces Expansion in St Louis Metro Market

Home Products & Services

FOR IMMEDIATE RELEASE

(St. Louis, Missouri) St. Louis Realty Advisors ( proudly announces they are expanding in the St. Louis metro market. This is good news for individuals in the area, as the real estate market is improving. Foreclosures dropped by almost 20 percent in the first quarter of 2017, as compared to the prior quarter. Furthermore, the month of March 2017 saw record lows in terms of supply in the housing market. Individuals looking to buy a home may find their dream residence sells even before it hits the market. However, some people still struggle to sell their home for one reason for another, and St. Louis Realty Advisors (stlouisrealtyadvisors.com) is here to help those individuals.

“A person may find they need to sell quickly as they inherited a home they cannot afford to keep. Others need to sell simply because they are being transferred by their employer and must move in a short period of time. Some homeowners find they are still at risk of foreclosure also and want to sell before they get to this point. Regardless of why the person needs to sell quickly, we can be of help in finding a solution that meets your needs,” Henry F. Owens IV, spokesperson for St. Louis Realty Advisors, explains.

Homeowners may also find they believe this home is sold, only to have the sale fall through at a late date. This can lead to financial issues, especially when the homeowner has a contract on a new residence. The buyer may not be able to obtain the necessary financing, a problem may arise with the home inspection, there may be a problem with the home’s title or the buyer’s home sale may not go through, leaving them unable to buy a new residence.

“We can help home sellers who find they are in this situation. Don’t let a problem with a home sale prevent the purchase of a new residence. We’ll work with a homeowner to find a solution that allows them to purchase the new home and sell the one they currently have without a lot of hassle. There are things that a home seller cannot control, and we are ready to help in these situations,” Owens continues.

For some home sellers, the problem is work needs to be done to the existing home and they don’t have the time, the funds or the resources to get these tasks completed. St. Louis Realty Advisors buys homes in any condition. Furthermore, the process can often be completed in seven days or less, and sellers receive a fair and honest price for their residence.

About St. Louis Realty Advisors:

A St. Louis based real estate solutions company, St. Louis Realty Advisors remains a family-owned business and focuses on helping homeowners find solutions for their problem. This is true whether the owner is going through a foreclosure, cannot sell the property or simply needs to sell the home for any reason.

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Foundation Repair Pros Publishes New House Leveling Guide

Home Products & Services

FOR IMMEDIATE RELEASE

(San Antonio, TX)— Foundation Repair Pros, a premier San Antonio-based commercial and residential foundation repair company, recently announced the publication of their new house leveling guide. The company is on a mission to help homeowners avoid the frustration and financial issues that come along with a severely cracked foundation. Homeowners can access the new guide online at bluechipfoundations.com.

“We could not be more excited about the publication of this new guide. Many homeowners are surprised to learn that as many as 15 percent of homes face foundation issues as soon as they are built, leaving many homeowners in the lurch from the time they sign on the dotted line. We all know that leveling a home can prevent foundation issues and the plethora of structural damages that come along with them, but we also understand that homeowners are weary about paying for these services because they lack understanding of their importance and often don’t have the money to afford them. We wrote this guide to clear up the confusion and help homeowners properly analyze the costs and benefits of investing in home leveling sooner rather than later,” said Charles Whitlock of Foundation Repair Pros.

At Foundation Repair Pros’ new house leveling guide answers critical questions that homeowners often have about house leveling, starting with an explanation of the common dilemma that many of them face when it comes to deciding when to spring for the service. The guide also includes a full analysis of potential costs as well as a rundown of the pros and cons of putting off home leveling services.

Whitlock went on to say, “After reading our guide, it is our hope that homeowners will walk away with a full understanding of how important it is to take care of their home and how having it leveled by an experienced professional can help them accomplish that goal. We know how mentally and financially frustrating it can be dealing with a bad foundation, and our new guide shows homeowners how they can avoid this nightmare scenario by doing the right thing right now.”

About Foundation Repair Pros:

Foundation Repair Pros is excited to announce that they have now been named the #1 foundation repair company in the San Antonio area for both affordability and customer satisfaction. Due to their hard-earned reputation for providing cost-effective and affordable services and their long-standing commitment to using unique and patented technologies, the company has now been recognized as an industry leader in the foundation repair market in San Antonio.

Their professionally-trained, knowledgeable and experienced technicians can restore both the integrity of the structure of a home and the homeowner’s peace of mind. As a courtesy to all of their much-appreciated clients, they even offer a lifetime, transferable warranty on all of their work.

Support: http://finance.azcentral.com/azcentral/news/read/34089127Read More