§5211. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2003, c. 510, Pt. A, §29 (NEW).] 1. Assessed share. “Assessed share” means a special assessment that represents that portion of the total projected cost of an improvement undertaken by a municipality in a […]
§5212. Capital improvement districts authorized A municipality may create one or more capital improvement districts within the municipal boundaries. [PL 2003, c. 510, Pt. A, §29 (NEW).] SECTION HISTORY PL 2003, c. 510, §A29 (NEW).
§5213. Capital improvement districts; public hearing; notice; referendum votes In order to establish a capital improvement district, a municipality shall adhere to the following procedures. [PL 2003, c. 510, Pt. A, §29 (NEW).] 1. Initial determinations. In order to establish a capital improvement district, the municipal officers shall establish all the public elements of […]
§5214. Implementation of improvements to capital improvement district 1. Advisory committee. The municipal officers are responsible for implementing improvements to the capital improvement district. For the purposes of overseeing the authorized improvements to the capital improvement district, the municipal officers shall appoint an advisory committee consisting of no fewer than 3 and no more than […]
§5215. Dissolution of capital improvement district A capital improvement district created under this chapter may not be dissolved until the debt created by the improvements is finally discharged and the special assessments levied for the purpose of providing for those improvements have been paid or otherwise satisfied. The municipal officers shall dissolve a capital improvement […]
