The procedure prescribed herein for the establishment of improvement districts in municipalities of this state shall be supplemental to all other laws of this state with respect to the establishment of municipal improvement districts and shall not be construed to amend, repeal, or otherwise affect those laws.
(a) When the governing body of any city or incorporated town in this state shall deem it desirable to enter into a street improvement program in that city or town or any defined portions thereof, the governing body of the city or town may cause studies to be made of the needs for street improvements […]
If, within sixty (60) days after the adoption and publication of the resolution by the governing board of the municipality, petitions are filed with the clerk or recorder of the municipality containing the signatures of a majority in value, number, and area of the real property to be located within the proposed district as shown […]
(a) Notice of the public hearing shall be published one (1) time in a newspaper of general circulation in the municipality, at least five (5) days prior to the date fixed for the hearing. (b) The governing body of the municipality may hold a special meeting for the purpose of conducting the hearing.
(a) At the time and place stated in the notice, the governing body of the municipality shall meet and hear all owners of real property in the proposed district who wish to be heard on the question of whether the petitions contain the signatures of a majority in value of the real property owners in […]
(a) Upon the establishment of the district, the board shall cause an assessment to be made against each lot or parcel of real property in the district based upon the cost of the improvements and the benefits accruing to each lot and parcel of property, with all assessments on property in the district to be […]
(a) All assessments shall be payable in the manner and within the time prescribed by ordinance of the governing body of the municipality. (b) Property owners may be given the option to pay the amount of the assessments in one (1) lump sum payment or to pay the amount of the assessments in installments, within […]
(a) All installments of assessments shall be paid in equal annual amounts as provided by ordinance of the governing body of the municipality. (b) The ordinance shall provide that the first annual installment shall be collected by the county collector on a date fixed in the ordinance. (c) The ordinance shall provide that the second […]
(a) Any city or town in which an improvement district is established under this chapter may use any funds of the municipality available, including any federal funds, as may be determined by the governing body of the city or town, to make any annual payment of principal and interest or part thereof on bonds, certificates […]
The board of commissioners of any improvement district established under the provisions of this chapter are authorized to issue bonds, certificates of indebtedness, or other negotiable evidences of debt to secure funds to finance the proposed improvements. All unpaid assessments upon real property in the district may be pledged to secure the bonds or other […]
All funds derived from assessments upon real property by a district established under the provisions of this chapter shall be funds of the district and not funds of the municipality. They shall at all times be kept separate and apart from funds of the municipality and shall be used solely for paying the cost of […]
