Section 4-55A-31 – Improvement district; appeal to district court.
After an owner has filed a written objection with the county clerk to any reassessment as provided in Section 4-55A-18 NMSA 1978 and the board has determined the reassessment, any owner of a tract or parcel of land that is reassessed may file a notice of appeal pursuant to the provisions of Section 39-3-1.1 NMSA […]
Section 4-55A-32 – Improvement district; payment of reassessment; continuing proceedings to collect assessment.
A. The board shall enforce payment of the reassessment of the tract or parcel of land benefiting from an improvement in the manner provided in Chapter 4, Article 55A NMSA 1978 for the enforcement of the original assessment. B. If for any reason a reassessment is held to be invalid or uncollectible, the board shall […]
Section 4-55A-33 – Improvement district; appeal of reassessment; procedure exclusive.
A. The rights and remedies granted in Section 18 [4-55A-18 NMSA 1978] of the County Improvement District Act to any owner who objects, contests or appeals the amount, correctness, regularity or validity of the reassessment; (1) are declared to exclude any other right, remedy, suit or action either at law or in equity which might […]
Section 4-55A-34 – Improvement district; application of reassessment fund to outstanding indebtedness.
A. Whenever a county has: (1) issued bonds or assignable certificates to obtain money to pay for an improvement that has been constructed; and (2) reassessed the tract or parcel of land benefiting from the improvement as provided in Sections 4-55A-26 through 4-55A-31 NMSA 1978; the county shall apply all money received from the payment […]
Section 4-55A-35 – Improvement district; refunding improvement bonds; authority.
A. As used in this section and in Sections 4-55A-36 through 4-55A-38 NMSA 1978 “bonds”, when not modified by the word “refunding”, includes assignable certificates. B. The board may issue refunding improvement district bonds to refund all or any part of improvement district bonds. Refunding bonds may be issued: (1) to change the payment schedule […]
Section 4-55A-20 – Improvement district; authority to issue bonds or assignable certificates.
A. To pay all or any part of the cost of the improvement, including those items set out in Subsection C of Section 4-55A-7 NMSA 1978, the board may proceed pursuant to the provisions of Section 4-55A-12.1 NMSA 1978 or may issue in the name of the county bonds in such form as the board […]
Section 4-55A-21 – Improvement district; rights of negotiable bondholders or assignable certificate holders.
A. If the board fails or refuses to foreclose and sell a tract or parcel of land for the delinquent assessment or installment of the assessment as required in Section 4-55A-22 NMSA 1978, any holder of a bond or assignable certificate secured by the assessment may foreclose the assessment lien on such delinquent property in […]
Section 4-55A-22 – Improvement district; additional duties imposed on county.
A. Whenever an improvement district has been created and bonds or assignable certificates have been issued to finance the improvement, a county shall: (1) act as agent for the collection of the assessments; (2) collect the assessments when due; (3) act as trustee for the benefit of the holders of the bonds or assignable certificates; […]
Section 4-55A-23 – Improvement district; acceptance of deed in lieu of foreclosure.
In lieu of the foreclosure of a lien against any tract or parcel of land which is delinquent in the payment of an assessment or installment of an assessment for a period of more than one year, a county may accept a deed to the property subject to the lien if the owner of the […]
Section 4-55A-24 – Improvement district; foreclosure; trustee may purchase at foreclosure of liens; contents of bid.
Any delinquent assessment has the effect of a mortgage and shall be foreclosed and sold in the manner provided by law for the foreclosure of mortgages on real estate. In any action seeking the foreclosure of a lien against any tract or parcel of land assessed by a county for the construction of any project […]