Section 3-63-2 – Purpose of act.
The purpose of the Business Improvement District Act is to: A. promote and restore the economic vitality of areas within municipalities by allowing the establishment of business improvement districts with the powers to provide for the administration and financing of additional and extended services to businesses within business improvement districts; B. finance local improvements within […]
Section 3-63-3 – Definitions.
As used in the Business Improvement District Act: A. “business” means a fixed place of business within an incorporated municipality where one or more persons are employed or engaged in the purchase, sale, provision or manufacturing of commodities, products or services, and includes the ownership of unoccupied real property that is held for commercial investment […]
Section 3-63-4 – District creation; purpose; improvement; authority.
A district may be created pursuant to the Business Improvement District Act to provide services that shall attempt to restore or promote the economic vitality of the district and the general welfare of the incorporated municipality. History: Laws 1988, ch. 32, § 4.
Section 3-63-5 – District; authority; creation.
A. A district shall assess a business improvement benefit fee on any real property or business located within the district. B. A district shall include any real property or business that benefits by the improvements set out in the business improvement district plan and that is located within the district’s geographic boundaries. C. The district […]
Section 3-63-6 – Creation by petition.
A. Whenever ten or more business owners comprising at least fifty-one percent of the total business owners in the proposed district or whenever five or more real property owners comprising at least fifty-one percent of the total real property owners in the proposed district, exclusive of any real property owned by the United States or […]
Section 3-63-7 – Ordinance creating the district.
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 […]