Liberty Lake and Spokane County are closing in on forming a joint taxing district that will fund public improvements and, hopefully, attract dollars and jobs to the region. The proposed district includes 1,300 acres west of Liberty Lake – a portion of which Liberty Lake hopes to annex. While the land is mostly fields, developers plan to create a community with homes, apartments, offices, light industry and sales-tax generating retailers, said Wayne Frost, general manager of Centennial Properties Inc. a major landholder.