What is an SID?
SID stands for Sanitary and Improvement District. It is a local government subdivision with limited powers. The laws by which SIDs are formed and governed are unique to Nebraska. The owner of real estate that is not located within the boundaries of a city or other municipality who wants to develop the property will form the SID which constructs and maintains the public improvements located within residential, commercial and industrial developments and subdivisions, such as streets, levees, sanitary sewer systems, water systems, other utility services, sidewalks and parks. The SID issues tax-free warrants and bonds to pay for the public improvements, which are purchased by investors. The warrants and bonds are paid through the special assessments and general taxes levied by the SID on the property benefited by the public improvements.
The expenses of a SID may include: operating and maintenance expenses, salaries, cost of materials, supplies for operation and maintenance, cost of ordinary repairs, replacements and alterations, cost of surety bonds and insurance, cost of audits, elections, and other fees.
A board of trustees administers the SID’s business. SID No. 1 of Cass County, Nebraska has five lot owner trustees. Trustees are elected by mail-in ballots in September of even numbered years. Though the law allows for trustees to be paid, our trustees are not paid. Any property owner is eligible to run for office. The ballots will be sent to property owner’s home addresses with a date indicated when they must be returned to the Cass County Election Commissioner to be counted.
The board meets as needed to handle business. Besides the five elected trustees, our SID uses the services of paid professionals:
Attorney, Dennis P. Hogan, III of Pansing Hogan Ernst & Bachman, LLC handles all of the official business of the SID. They handle all payment warrants, assist at board meetings, publish notices and minutes, etc. They also perform special legal services as needed.
Engineer, Daren A. Konda, P.E. of TD2 provides expertise in the general area of street and sewer maintenance, and is involved with any expansions or extensive maintenance projects. TD2 is also involved in levee issues including certification and other communications with the US Army Corps of Engineers and FEMA.
Certified Public Accountant, Cheryl Eliason, of Masimore, Magnuson & Associates oversees our financial records and files an annual audit of our funds.
Bond Financier, John Kuehl, of D.A. Davidson Co. finds investors to buy our tax free municipal bonds and short term warrants. If you have $1000 or more to invest you should consider investing in our SID.
SID No. 1 of Cass County, Nebraska was formed in the middle 60′s when Lake Waconda was first developed.
The district has two domestic water wells, and a 10,000-gallon water reservoir. A third well is used to pump water into the lake during the spring and summer.
The SID is responsible for lake maintenance, levee maintenance, water and sewer system maintenance, street lights, street maintenance, snow removal, street signs, mowing of SID property, preparing annual budgets, and seeing that warrants are issued for payment of the bills. Much of this work is sub-contracted to the Lake Wa-Con-Da Association which employs a maintenance person for both SID and Association property.
By law SID bills are paid with “warrants” instead of checks. The money to cover the warrants comes from the tax levy set by the board when the budget is approved. This money comes into the Cass County Treasurer’s office when real estate taxes are paid each year.
SID stands for Sanitary and Improvement District. It is a local government subdivision with limited powers. The laws by which SIDs are formed and governed are unique to Nebraska. The owner of real estate that is not located within the boundaries of a city or other municipality who wants to develop the property will form the SID which constructs and maintains the public improvements located within residential, commercial and industrial developments and subdivisions, such as streets, levees, sanitary sewer systems, water systems, other utility services, sidewalks and parks. The SID issues tax-free warrants and bonds to pay for the public improvements, which are purchased by investors. The warrants and bonds are paid through the special assessments and general taxes levied by the SID on the property benefited by the public improvements.
The expenses of a SID may include: operating and maintenance expenses, salaries, cost of materials, supplies for operation and maintenance, cost of ordinary repairs, replacements and alterations, cost of surety bonds and insurance, cost of audits, elections, and other fees.
A board of trustees administers the SID’s business. SID No. 1 of Cass County, Nebraska has five lot owner trustees. Trustees are elected by mail-in ballots in September of even numbered years. Though the law allows for trustees to be paid, our trustees are not paid. Any property owner is eligible to run for office. The ballots will be sent to property owner’s home addresses with a date indicated when they must be returned to the Cass County Election Commissioner to be counted.
The board meets as needed to handle business. Besides the five elected trustees, our SID uses the services of paid professionals:
Attorney, Dennis P. Hogan, III of Pansing Hogan Ernst & Bachman, LLC handles all of the official business of the SID. They handle all payment warrants, assist at board meetings, publish notices and minutes, etc. They also perform special legal services as needed.
Engineer, Daren A. Konda, P.E. of TD2 provides expertise in the general area of street and sewer maintenance, and is involved with any expansions or extensive maintenance projects. TD2 is also involved in levee issues including certification and other communications with the US Army Corps of Engineers and FEMA.
Certified Public Accountant, Cheryl Eliason, of Masimore, Magnuson & Associates oversees our financial records and files an annual audit of our funds.
Bond Financier, John Kuehl, of D.A. Davidson Co. finds investors to buy our tax free municipal bonds and short term warrants. If you have $1000 or more to invest you should consider investing in our SID.
SID No. 1 of Cass County, Nebraska was formed in the middle 60′s when Lake Waconda was first developed.
The district has two domestic water wells, and a 10,000-gallon water reservoir. A third well is used to pump water into the lake during the spring and summer.
The SID is responsible for lake maintenance, levee maintenance, water and sewer system maintenance, street lights, street maintenance, snow removal, street signs, mowing of SID property, preparing annual budgets, and seeing that warrants are issued for payment of the bills. Much of this work is sub-contracted to the Lake Wa-Con-Da Association which employs a maintenance person for both SID and Association property.
By law SID bills are paid with “warrants” instead of checks. The money to cover the warrants comes from the tax levy set by the board when the budget is approved. This money comes into the Cass County Treasurer’s office when real estate taxes are paid each year.