§ 48-6812 – Finances
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
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
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 […]
§ 48-6801 – Definitions
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
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
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
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
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
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 […]