Highway 12 Business Improvement District
200 East Main Street, Starkville, MS 39759
Tel 662-323-3322
Fax 662-323-5815
HIGHWAY 12
BID PLAN
FY 2016-2025
Highway 12 Business Improvement District (BID) Plan - in accordance with
Mississippi Code Annotated 21-43-113
TABLE OF CONTENTS
Contents
Summary of Highway 12 BID Program _________________________________________________________________ 1
District Boundaries ______________________________________________________________________________________ 3
Proposed Improvements ________________________________________________________________________________ 4
Assessment _______________________________________________________________________________________________ 5
Target Implementation Timeline _______________________________________________________________________ 6
District Management Group_____________________________________________________________________________ 7
BID Property Inventory _________________________________________________________________________________ 8
SUMMARY OF HIGHWAY 12 BID PROGRAM
Summary of Highway 12 BID Program
WHAT IS A BID
A Business Improvement District (BID) is provided for in Mississippi Code Annotated 2143-101 through 121. The Mississippi Legislature finds that:
a.) The business districts within many municipalities in the state are in a deteriorated
condition
b.) This deteriorated condition affects the economic and general welfare of the people of
the State of Mississippi
c.) Establishment of business improvement districts is an effective means for restoring
and promoting business activity
A BID is a special assessment district, in which property owners in the jurisdiction,
assess themselves, and manage the totality of funds for improvement for that area.
DISTRICT BOUNDARIES
The boundaries of the Highway 12 BID include properties that abut Highway 12 from
Russell Street as the eastern most boundary and the Highway 25 Bypass as the western
most boundary. Properties are clearly identified in the attached inventory.
PROPOSED IMPROVEMENTS
Beautification of the corridor will be the primary focus of the Highway 12 BID. This will
include landscaping, irrigation, and maintenance along the corridor; gateway and
intersection treatments; utility burial and/or consolidation; way finding signage;
marketing and brand placement and identification; and asphalt staining, stamping, and
maintenance.
ASSESSMENT
An assessment of $0.02 per square foot of land will be assessed per property. This
assessment will be applicable for 10 years and will not change unless the property is
subdivided.
Page 1
SUMMARY OF HIGHWAY 12 BID PROGRAM
TARGET IMPLEMENTATION TIMELINE
It is the goal of the BID that the landscaping improvements be implemented immediately
during and following MDOT safety improvements to the Corridor. Maintenance will be on
going throughout the 10-year period. Most other enhancements will be made post-MDOT
construction.
DISTRICT MANAGEMENT GROUP
The Greater Starkville Development Partnership shall be charged with managing the
Highway 12 BID, in accordance with Mississippi Code Annotated 21-43-105 (b.)
Page 2
DISTRICT BOUNDARIES
District Boundaries
In accordance with Mississippi Code Annotated 21-43-113 (a,) this plan shall identify a
description of the boundaries of the district sufficient to identify the lands included.
The boundaries of the Highway 12 BID include properties that abut Highway 12 from
Russell Street as the eastern most boundary and the Highway 12 Bypass as the western
most boundary. Properties are clearly identified in the attached inventory.
The district will include 167 pieces of property, encompassing over 11,000,000 square
feet of land. Of the 167 pieces of property, approximately 8 are residential and 4 being
tax-exempt. These 12 properties will be included in the district, but will not be assessed,
per Mississippi Code.
Page 3
PROPOSED IMPROVEMENTS
Proposed Improvements
LANSCAPING – 70%
•
Design
•
Plant material
•
Irrigation
•
Maintenance
•
Contingency
•
Equals Annual Expenditure of $132,426.31
OTHER ENHANCEMENTS – 20%
•
Way finding Signage
•
Gateway and Intersection Treatments
•
Marketing and Branding
•
Utility Burial and/or Consolidation
•
Asphalt Staining, Stamping, and Maintenance
•
Contingency
•
Equals Annual Expenditure of $37,836.01
OVERHEAD & ADMINISTRATION – 10%
•
Operating Expenses
•
Administrative Contracts
Page 4
ASSESSMENT
Assessment
According to Mississippi Code Annotated 21-43-123 (2,) the assessment shall be levied
on the property in the district based upon the gross square footage of the property. The
district plan shall set the amount that shall be assessed on each square foot of property.
The BID will be funded through a special assessment of $0.02 per gross square foot of
space levied upon all land within the defined boundaries that are not tax exempt or
residential. This assessment should generate roughly $189,180.44 annually. This will
yield roughly $1,891,804.40 over the 10-year life of the BID.
The total amount to be expended on District Improvements and Activities throughout the
ten-year authorization period should not exceed $1,891,804.40.
This assessment shall remain the same and not increase or decrease over the course of
the life of the BID.
Page 5
TARGET IMPLEMENTATION TIMELINE
Target Implementation Timeline
Mississippi Code requires the BID plan to include the proposed target dates for beginning
the implementation of improvements.
Because the majority of the proposed improvements will be made concurrently with
MDOT safety improvements, construction will begin at the time that MDOT designates as
appropriate, given their construction schedule.
We estimate that improvements will not begin until 2017 or 2018.
Page 6
DISTRICT MANAGEMENT GROUP
District Management Group
Pursuant to Mississippi Code Annotated 21-43-105, District Management Group means
an established and independent non-profit corporation and may also include a Chamber
of Commerce, a downtown development corporation, a Main Street Project or a
department of a local municipality as determined solely by a simple majority of the
property owners included in the district.
The Greater Starkville Development Partnership shall be charged with managing the
Highway 12 BID, in accordance with Mississippi Code Annotated 21-43-105 (b.)
The BID Management Group shall elect a Board of 8 property owners through a
nomination and ballot process after establishment of the BID. Initial terms shall be
staggered with members serving a maximum of two (2) consecutive three (3) year terms.
Page 7
BID PROPERTY INVENTORY
BID Property Inventory
See attached spreadsheet.
Page 8