Bill > H3704

This bill authorizes the town of Lexington to finance expanded transit services. The key provisions are: 1. It defines the terms used in the bill, such as "Transit Improvement District (TID)", "Lead Municipality", and "Program Plan". 2. It outlines the requirements for establishing a TID, including developing a program plan, holding public meetings, and obtaining approval from both the town meeting and the property owners in the proposed TID. 3. It grants the TID the authority to develop, manage, and maintain transit improvement programs, collect fees, and take various other actions to further the goals of the TID. 4. It allows the TID to collect a transit improvement fee, which can be based on factors such as property value, number of employees, or number of vehicle trips, and provides guidelines for exemptions and enforcement. 5. It requires Lexington or the group of participating municipalities to provide a minimum of 20% of the TID's program costs, with the Massachusetts Department of Transportation providing 25% in matching funds, and the property owners contributing a minimum of 25%. 6. It outlines the process for reviewing and renewing the TID's authorization, as well as the process for dissolving the TID.