Section 9-55-19 – Procedure for abolishment of district.
9-55-19. Procedure for abolishment of district. The governing body may, by ordinance, abolish a district after a hearing thereon. The governing body shall adopt a resolution of intent to abolish the area at least thirty days prior to the hearing required by this section. The resolution shall give the time and place of the hearing. […]
Section 9-55-20 – Disposition of proceeds of tax or assessment upon abolishment.
9-55-20. Disposition of proceeds of tax or assessment upon abolishment. Upon abolishment of a district, any proceeds of the occupation tax or the special assessment, or assets acquired with such proceeds, are subject to disposition as the governing body shall determine. Source: SL 1986, ch 81, §20.
Section 9-55-6 – Composition of board–Vacancies–Terms–Officers.
9-55-6. Composition of board–Vacancies–Terms–Officers. The board shall consist of no less than five members to serve such terms as the governing body, by resolution, determines. The mayor, with the approval of the governing body, shall fill any vacancy for the remainder of the term vacated. A member of such board may serve more than one […]
Section 9-55-21 – Use of donated funds or grants.
9-55-21. Use of donated funds or grants. The municipality may receive, administer, and disburse donated funds or grants for the purposes of and in the manner authorized by this chapter. Source: SL 1986, ch 81, §21.
Section 9-55-7 – Creation of districts by resolution of intent–Contents–Basis of occupation tax or special assessment.
9-55-7. Creation of districts by resolution of intent–Contents–Basis of occupation tax or special assessment. Upon receiving a recommendation from the business improvement board, the governing body may create one or more business improvement districts by adopting a resolution of intent to establish a district or districts. The resolution shall contain the following information: (1)A description […]
Section 9-55-22 – Dissolution of district imposing occupational tax on rooms rented.
9-55-22. Dissolution of district imposing occupational tax on rooms rented. If a district has imposed an occupation tax based on rooms rented and the occupational tax revenue was used only for the promotion of the district, a majority of the landowners may dissolve the district established pursuant to §9-55-7 by submitting a petition to the […]
Section 9-55-8 – Notice of hearing.
9-55-8. Notice of hearing. A notice of a hearing required under subdivision 9-55-7(2) shall be given by mailing a complete copy of the resolution of intent to each owner of taxable property as shown on the property tax roll for the proposed district. If an occupation tax is to be imposed, a copy of the […]
Section 9-55-9 – Petition for hearing.
9-55-9. Petition for hearing. The owners of a majority of the assessable front footage in a business area or the users of a majority of space in a business area may, by petition, direct the governing body to hold a hearing to create a district pursuant to this chapter. Source: SL 1986, ch 81, §9; […]
Section 9-54-7 – Mortgage of project and pledge of revenues to payment of bonds–Trust funds–Other covenants and agreements.
9-54-7. Mortgage of project and pledge of revenues to payment of bonds–Trust funds–Other covenants and agreements. The governing body of the municipality may, by ordinance, resolution, or by a trust indenture executed under authority of a resolution or ordinance, pledge the revenues of the project and any other security of whatsoever nature, offered by the […]
Section 9-54-8 – Lease or sale payments sufficient to pay bonds and costs–Payments in lieu of property taxes.
9-54-8. Lease or sale payments sufficient to pay bonds and costs–Payments in lieu of property taxes. Revenue agreements pursuant to §9-54-3.1 shall provide for contractual payments sufficient to pay the principal, premium, if any, and interest on any bonds issued by the municipality under the resolution or ordinance or trust indenture, when due or subject […]