48-6801. Definitions In this article, unless the context otherwise requires: 1. " Clerk" includes any person or official who performs the duties of clerk of the municipality or any person appointed by the district board to be the district clerk. 2. " Debt service" means the principal of, interest on and premium, if any, on […]
48-6802. Resolution of intent; eligible participants; district board A. If the public convenience and necessity require, and on presentation of a petition signed by the owners of at least fifty-one per cent of the net assessed value of the property proposed to be included in the district and a petition signed by at least fifty-one […]
48-6803. Notice A. The clerk shall execute a notice, which shall read substantially as follows: To whom it may concern: The governing body of the city of __________, on (Date) , adopted the attached resolution declaring its intention to form a tax levying revitalization district. A hearing on formation will be held on (Date) , […]
48-6804. Hearing on objections A. Any person claiming an interest in real property that the resolution discloses is situated in the district or any qualified elector of the district may file a written objection with the clerk before 5:00 p.m. on the business day preceding the date and time set for the hearing. The objection […]
48-6805. Resolution forming district After the hearing, the governing body of each entity forming the district may adopt a resolution forming the district, deleting any property determined not to be benefited by the district or modifying the general plan and then forming the district or determining that the district not be formed. A resolution forming […]
48-6806. Judicial review A. An owner or other person claiming an interest in the property or a qualified elector who filed a written objection and who presented testimony or evidence at the hearing may seek review of the order forming the district and the decision of the governing body at the hearing by filing, within […]
48-6807. Formation A. If the formation of the district is approved, the governing body of each entity on adoption of the resolution forming the district shall appoint the initial directors of the district board, set the district boundaries and order that a map showing the district boundaries be drawn and a copy of the order […]
48-6808. Powers of a revitalization district A. In addition to the powers otherwise granted to a district pursuant to this article, a district may to further the implementation of the general plan: 1. Enter into contracts and spend monies for any infrastructure purpose with respect to the district. 2. Enter into intergovernmental agreements as prescribed […]
48-6809. Perpetual succession The district has perpetual succession, except that the district may be dissolved as provided in section 48-6819 and, if the district does not have any bonds or other obligations outstanding, shall be dissolved ten years after the date of formation unless the governing bodies of the participating municipalities by resolution extend the […]
48-6810. Records; board of directors; open meetings A. The district shall keep the following records, which shall be open to public inspection: 1. Minutes of all meetings of the district board. 2. All resolutions. 3. Accounts showing all monies received and disbursed. 4. The annual budget. 5. All other records required to be maintained by […]
48-6811. Participation by municipality The governing body of the municipality, by resolution, may summarily order the participation by the municipality in the costs of any public infrastructure purpose, including the payment of bond debt service.
48-6812. Finances The projects to be constructed or acquired as shown in the general plan may be financed from the following sources of revenue: 1. Proceeds received from the sale of bonds of the district. 2. Monies of the municipality or Indian tribe or community contributed to the district. 3. Special assessments. 4. State or […]
48-6813. Budget On or before July 15 each year, the district treasurer shall prepare a proposed budget for the ensuing fiscal year to be submitted to the district board for approval. The board shall indicate its approval of the budget by resolution, which shall provide for a hearing on the budget as approved. The participating […]
48-6814. Revenue bonds; fees and charges A. At any time after the hearing on formation of the district, the district board may hold a hearing on the question of authorizing the district board to issue revenue bonds of the district to provide monies for any infrastructure purposes consistent with the general plan. B. If revenue […]
48-6815. Special assessments; assessment lien bonds A. The district board, after approval of the assessment at an election held as prescribed by section 48-6818, and pursuant to the procedures prescribed by sections 48-576 through 48-589, as nearly as practicable, or such other procedures as the district board provides, may levy by resolution an assessment of […]
48-6816. Terms of bonds With respect to any bonds the district board shall prescribe the denominations of the bonds, the size of each issue and the form of the bonds and shall establish the maturities, interest payment dates and interest rates, whether fixed or variable, not exceeding the maximum rate stated in the notice of […]
48-6817. District taxes; annual financial estimate and budget A. At any time after the hearing on formation of the district, the district board, or, if before formation, the governing body, may call an election to submit to the persons who are eligible to vote in the district as prescribed in section 48-6818 and the qualified […]
48-6818. Notice and conduct of elections; eligible voters A. Any election under this article shall be a nonpartisan election called by posting notices in three public places within the boundaries of the district not less than twenty days before the election. Any election may be conducted as a mail ballot election in the manner prescribed […]
48-6819. Dissolution of district A. The district may be dissolved by the district board by a resolution of the district board if the following conditions exist: 1. All of the real and personal property owned by the district has been or will be conveyed to a municipality. 2. Either the district has no bonds or […]
