Section 3-63-13 – Annual assessment; special account.
A. The council, upon recommendation of the management committee, may annually assess a business improvement benefit fee as defined by the ordinance upon all real property owners and business owners, exclusive of: (1) governmentally owned real property; (2) residential real property that is not multifamily residential rental property with at least four units or homeowners […]
Section 3-63-14 – Assessments; terms of payment; liens; foreclosure.
A. The council shall by ordinance: (1) establish the time and terms of paying the business improvement benefit fee or installments on the fee; (2) set any rate or rates of interest upon deferred payments of the fee, which shall commence from the last date of publication of the ordinance ratifying the assessment; (3) fix […]
Section 3-63-15 – District review.
The council shall review each district every five years, and prior to the issuance of business improvement district revenue bonds other than those issued or committed during the first five-year period, to determine whether the district should remain in existence. If a majority of the council decides that the purpose for which the district was […]
Section 3-63-16 – Business improvement benefit fee distribution.
The business improvement benefit fee shall be distributed to the management committee on an annual basis pursuant to rules and guidelines established by the council and in accordance with the approved budget of the management committee. History: Laws 1988, ch. 32, § 16.
Section 3-64-1 – Short title.
Chapter 3, Article 64 NMSA 1978 may be cited as the “Community Development Incentive Act”. History: Laws 1991, ch. 163, § 1; 2003, ch. 293, § 1; 2003, ch. 405, § 1. ANNOTATIONS Cross references. — For exemption of municipal property, owned for purposes of the Community Development Law, from taxes and from levy and […]
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 […]