Jackson County voters could approve a retail assessment for development

The county board of supervisors could create a public improvement district. The district would be within Jackson County and could undertake projects connected to a development representing at least $70 million in private investment. The district would operate under the procedures and rules for public improvement districts in state law.

The district could impose a retail assessment of up to 1%. The rate would apply to the gross proceeds of covered sales and services, including certain food and drink sales, at places of business in the district. The assessment would apply to covered sales and services and certain food and drink sales in the district. Before it could be imposed, at least 60% of county voters who vote on it must approve; the board of supervisors could then levy it. The board would set an effective date in its election resolution and give the district a certified copy at least 30 days before that date.

The district would keep separate records for assessment money, spend it only on authorized purposes, and arrange an annual independent audit. These requirements would cover receipts and spending from the retail assessment authorized by the proposal. The district could use the money for authorized projects and debt payments, and could reimburse a developer for project costs under an agreement lasting no more than 30 years. Any reimbursement agreement with a developer could last no more than 30 years.