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<br />1;. <br /> <br />DRY CREEK <br />.FLOODW ATER DIVERSION <br />LOCAL IMPROVEMENT DISTRICT <br /> <br />PRO'S <br /> <br />. County Has Experience <br /> <br />. BiJIed And Collected With Property Taxes <br /> <br />. Formed With Others Consent - City and County <br /> <br />. Assess Vacant Property <br /> <br />. Removing The Floodplain Is A Benefit <br /> <br />. Intergovernmental Agreem,ent Required <br /> <br />. Pay Over Time Or Lump Sum <br /> <br />. Delay Payment For 5 Years <br /> <br />. Meets Financing Criteria <br /> <br />CON'S <br /> <br />. November Election Required <br /> <br />. Code Revisions Required If Formed By The City <br /> <br />. Initial Carrying Of Assessments <br />