The Missouri Community Improvement District Act, Sections 67.1401 through 67.1571 of the Revised Statutes of Missouri, as amended (the “CID Act”) provides for the formation of a community improvement district (“CID”).  The purpose of a CID is to fund, promote, plan, design, construct, improve, maintain, and operate one or more projects or to assist in such activity.  A CID is a special taxing district and separate political subdivision of the state.   Pursuant to the CID Act, the CID board of directors possess and exercise all of the District’s legislative and executive powers.  A CID is authorized to undertake certain public improvement projects (i.e.;  constructing infrastructure improvements, providing security, making capital improvements, installing pedestrian and streetscape enhancements, and/or marketing of the area) to be financed by the district through the issuance of notes or bonds, which are in turn retired by the CID’s levy of various taxes within the geographic boundaries of the district, including sales tax, property tax and special assessment.  The typical lifespan of a CID is 20-25 years from the date of establishment.