A Self-Supported Municipal Improvement District (SSMID) is a financing mechanism used to fund district-specific improvements and services to supplement, not replace, existing municipal services. A designated district is able to levy taxes on commercial and industrial properties within the district boundary. A designated district is self-imposed and self-governing. Non-commercial, non-industrial properties are exempt from paying the assessment. These properties can voluntarily contribute to the SSMID funds or can volunteer to be assessed.
The Czech Village/New Bohemia SSMID will improve the neighborhood and the Cedar Rapids community in a variety of ways:
- Economic development
- Communications and Advocacy
- Capital Improvements
- Enhanced Maintenance
- Parking/Transportation Management
CVNB SSMID Commission meetings are open to the public and are held the third Monday of each month from 8:30-9:30am.
The next regular meeting will be held March 19, 2018, 8:30am at CSPS Hall (1107 3rd St SE).