3-63-7. Ordinance creating the district.
111 words·~1 min read·
/nm/chapter-3-municipalities/article-63-business-improvement-districts/3-63-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The ordinance to create a district shall include:
A. a list of improvements to be provided by the district;
B. the amount of benefit estimated to be conferred on each tract or parcel of real property;
C. a description of the real property or businesses to be assessed a business improvement benefit fee;
D. the assessment method to be used to finance the improvements of the district;
E. the amount of the assessment to be imposed on each real property owner; and
F. the terms of members, method of appointment and duties of the management committee for the district.
History: Laws 1988, ch. 32, § 7; 1999, ch. 204, § 4.