1	A comparison of the proposed Residential Improvement District (RID) and the Public Works Improvement District (PWID) Horry County Council Workshop on Impact Fees March 3, 2008
2	Public Works Improvement District Incorporation of district needs majority approval representing at least sixty-six percent (66%) of the assessed value of all real property within the district
3	Public Works Improvement District Council must find: Improvements beneficial within district May preserve property values within the district Without it, property values would likely depreciate It would be fair and equitable to finance all or part of the cost of the improvements by an assessment upon the real property located within the district
4	Public Works Improvement District Assessment does not need to be uniform and may vary in proportion to improvements made immediately adjacent to or abutting upon the property of each owner.
5	Residential Improvement District (RID) Current bill referred to House Ways and Means Committee 02/21/08 District designated by property owner and approved by Council. Requires Owner’s consent. Improvement Plan and District boundaries submitted to Council for approval Council may negotiate the district and/or improvement plan prior to approval
6	Residential Improvement District (RID) Bond issuance no less than $10 million A 4% improvement fee to County upon issuance of bond 4% fee must be used for public infrastructure Bond and collected assessments held in a County maintained trust fund All improvements must be public or quasi-public May include as-built infrastructure
7	Residential Improvement District (RID) Improvements may include roads, sidewalks, drainage, parks, libraries, fire facilities, schools, and those listed in PWID. Assessment must be proportionate to value of improvements but need not be uniform.
8	Differences PWID improvements must be located within the District. RID allows for improvements outside the District but within the Service Area to the extent it primarily benefits the District.
9	Differences PWID allows the government to acquire, own, construct, . . . improve, expand, operate, maintain, and repair public facilities. RID does not include operation, repair and maintenance.
10	Differences PWID allows for the issuance of special district bonds, revenue bonds, or general obligation bonds. RID allows for special district bonds or other financing provided the full faith and credit of the county is not pledged as security.