SID’s represent a long-term financial commitment; therefore the formation of a new SID requires the support of the property owners, business owners and the tenants in the district. A municipality creates a SID only when there is widespread support among the property owners, business owners and tenants who are fully informed about the proposed program.
There are usually three phases in the formation of a SID:
- Phase One – Planning
- Phase Two – Outreach
- Phase Three – Legislative Authorization