Bond Financing Hub
Improvement District bond financing, explained
How developers use Public Improvement District (PID), Tax Increment Financing (TIF/TID) and Community Improvement District (CID) bonds to fund roads, utilities, stormwater, parks and other public infrastructure, plus where AI can speed up the work.
Globus Bond Petition Service: start an inquiryFree feasibility screener$499 feasibility report →
What an Improvement District bond is
Improvement District bonds are generally special-assessment (or, for TIF, tax-increment) revenue bonds. Proceeds pay for qualifying public improvements; repayment comes from assessments or incremental taxes levied on the benefiting properties within the district, collected with property taxes. They are typically not backed by the municipality's general fund, and the obligation is an assessment on each parcel rather than a mortgage on it.
Public Improvement District
Special assessments on parcels that benefit from the improvements, per a Service & Assessment Plan.
Tax Increment Financing District
Repaid from the increase in property tax revenue the project generates above a frozen base.
Community Improvement / Development District
May use special assessments, ad valorem levies or (in some states) supplemental sales taxes.
What Globus handles for you
Full-service PID/TIF/CID petition and bond engagement: $100,000. Start an inquiry →
- Site evaluation for eligibility and identification of qualifying public improvements
- Engagement and coordination of the PID consultant, bond counsel, financial advisor, engineers and appraiser
- The complete petition package, Service & Assessment Plan and municipal approvals through resolution
- Bond sizing, value-to-lien verification and coordination with underwriters through issuance
Globus guidance: plan for roughly 4–6 months to district creation plus construction time, varying by jurisdiction. Third-party pre-petition costs (pro formas, plans, engineering, surveys, possible annexation and zoning work) are commissioned and paid by the developer directly; they vary by project and jurisdiction and are scoped during the consultation. These are separate from, and in addition to, the $100,000 Globus full-service fee.
Request a full-service review
Indicative bond-size estimator
Bonds are commonly limited by a 3:1 post-improvement value-to-lien ratio and by the annual assessments available after debt-service coverage (often 1.10x–1.25x).
Indicative only. Petitions and issuance are handled exclusively through Globus's $100,000 full-service engagement. Excludes reserves (often 10–20% of proceeds), capitalized interest and issuance costs (often 2–5%), which reduce net proceeds available for improvements.
Educational information only. Not legal, tax, municipal-advisory, investment or lending advice, and not an offer or commitment to lend or to issue bonds. District rules, thresholds and timelines vary by state and municipality; consult bond counsel and qualified advisors. Calculator outputs are illustrative estimates, not quotes or approvals.
Three ways to start
Why petitions require a full-service team
Improvement District petitions are statutory, multi-party processes. Requirements are typical examples and vary by state, city and county:
- High consent thresholds. Many statutes require owners of a majority of land area or value; some states (Utah, for example, for certain PIDs) can require consent from 100% of owners.
- Statutory petition contents. Legal descriptions and boundary maps, feasibility and market studies, environmental reports, a financing plan and a Service & Assessment Plan are commonly required.
- Pre-filing notices and meetings. Some jurisdictions expect pre-filing meetings with city officials and notice periods; in some Texas jurisdictions this can run 30–45 days before filing.
- Public hearings and approval. The governing body typically holds public hearings and must adopt resolutions creating the district and authorizing bonds.
- Municipal advisor involvement. Some states and issuers require or expect a registered municipal advisor on the transaction.
- Value-to-lien around 3:1. Bond size is commonly constrained to roughly one-third of appraised post-improvement value.
- Engineering and appraisal studies. Certified engineering cost estimates and an independent appraisal support the improvement schedule and bond sizing.
- Local policies vary. Cities and counties often adopt their own district policies, fees and underwriting criteria on top of state law.
That is why the done-for-you Globus Bond Petition Service ($100,000) coordinates consultants, engineers, appraisers, bond counsel and underwriters on your behalf. The free screener and the $499 Feasibility Report (credited toward the service within 90 days) are the on-ramps to it.
Done-for-you · Globus Bond Petition Service
Petition creation through municipal resolution
Globus Capital Advisors and its syndication partners handle the work from site evaluation through the city or county resolution: eligibility review, engagement of the PID consultant, bond counsel, financial advisor and appraiser, the full petition package, the Service & Assessment Plan, and bond sizing coordination.
Upfront fee, as published on globuscapitaladvisors.com$100,000
Pre-petition third-party costs (pro formas, plans, engineering, surveys, zoning or annexation) are separate and project-specific. The $100,000 petition service is engaged by consultation only and is not sold online. The optional $499 Bond Feasibility Report can be purchased online.