The City of Bay Village is moving forward with the establishment of a shoreline Special Improvement District (SID). This action is similar to undertakings by other cities and counties along the Ohio shoreline of Lake Erie. It allows property owners to develop a project funded by a special assessment on their properties. Shoreline SIDs are not grants or zero-interest loans. Property owners will pay for the project through assessments on their property.
A Special Improvement District is a non-profit established by lakefront property owners for the purpose of accessing lower cost, longer term financing to cover shoreline improvements including protective revetments designed to reduce shoreline erosion and lake-related damage to their properties. Participating in an SID is voluntary and does not require that properties be contiguous or a relinquishment of any private property rights. The SID provides access to lower cost financing (and repayment over time through your property tax billing), working with the known and experienced contractors offers the opportunity to see lower costs both during the near-term project and reduced long term maintenance costs through the quality services provided in the initial design and construction.
On August 2, the City held a Public Hearing that included a presentation (PDF) by Kevin Butler of McDonald Hopkins.