Special and Metropolitan Districts can be created to use the additional tax base to reimburse Infrastructure Construction on projects for either original or re-construction. Special districts are independent government units which are created to fill certain gaps that may exist in the services counties provide. For example, special districts may provide services such as hospitals, sewerage, and fire protection. Metro districts are used by developers to finance improvements within the community, such as infrastructure and amenities. Metro districts finance improvements by issuing bonds and using the proceeds to complete the infrastructure requirements for the community. Our real estate attorneys can advise you regarding the benefits and drawbacks of establishing a metro or special district. |
