The General Improvement District (GID) is a fund the city collects for common area maintenance and improvements. This includes but is not limited to all common area landscaping, monument maintenance, common fence maintenance, irrigation, tree trimming, community water bill, and electrical costs associated with signage and street lamps.
The current GID tax rate is approximately 0.05% of your property value per year. On your tax statement is is outlined as 3.99% of your total property taxes (1.45%), which monetarily equates to approximately $120-$140 per household. The GID fund account has an available balance of $170,000.
Your GID rep is a volunteer appointed by the Centennial City Council. This person acts much like a project manager in that he/she coordinates with city city in regards to budgeting, invoicing and scheduling contractors as needed for our common areas. This process entails obtaining bids for maintenance, approving and scheduling subcontractors, and organizing payment distribution. Subcontractors include landscaping companies, Xcel Energy, Willows Water, South Suburban, and others
The GID Fund has an annual expense budget that typically distributes between $50K-$55K and from our 322 residences, approximately $40K is deposited into the fund each year. This fund has been in place with the same mill levy rate since 1987. Due to inflation, the cost of labor, goods and services have increased dramatically. Because of this, preventative maintenance is requested from the 63 homeowners that span the common area fences (approx. 6000 lf).