1. The governing body of a municipality, on behalf of the municipality and in its name, without an election, may by resolution create a district to finance or refinance one or more qualified improvement projects: (a) On qualifying commercial or industrial real property, which may include any real property other than: (1) A residential dwelling […]
1. A governing body may create a district pursuant to NRS 271.6312 only if: (a) The governing body makes a finding that the creation of the district serves the public purposes of resource conservation, reducing emissions or increasing the resiliency of the community. (b) The governing body has, pursuant to NRS 271.6325, adopted by resolution […]
1. Except as otherwise provided in this section, a qualified improvement project must be financed or refinanced only through an assessment on the real property that secures the direct financing or refinancing obtained from a capital provider pursuant to a financing agreement. 2. In addition to, but not in lieu of the direct financing or […]
1. Notwithstanding any other provision of this chapter, in order to impose an assessment for a qualified improvement project, the municipality must enter into a written voluntary assessment agreement with a property owner whereby the property owner: (a) Consents in writing to: (1) The specific amount of the assessment that will be imposed on the […]
1. A municipality shall execute and record a notice of assessment and assessment lien on the real property on which an assessment is imposed pursuant to the provisions of NRS 271.6301 to 271.6325, inclusive. The municipality may delegate to the capital provider responsibility for recording the notice of assessment and assessment lien. 2. The notice […]
A person that is leasing real property within a district created pursuant to NRS 271.6301 to 271.6325, inclusive, may enter into a financing agreement with a capital provider for a qualified improvement project if the owner of the real property enters into a voluntary written assessment agreement with the municipality pursuant to NRS 271.6316. (Added […]
1. A municipality, its governing body, its officers and its employees shall not be liable for actions taken pursuant to NRS 271.6301 to 271.6325, inclusive, except in cases of willful misconduct. 2. A municipality shall not use any public funds to pay an assessment imposed to repay bonds or direct financing or refinancing of a […]
Construction of a qualified improvement project within a district created pursuant to NRS 271.6312 must be completed through independent contracts with contractors licensed in Nevada. The municipality is not responsible for the construction, or any defects or delays thereof. The laws of this State relating to public bidding, public works or public procurement are not […]
1. Before creating a district pursuant to NRS 271.6312, a governing body must adopt a resolution which specifies the procedures for the creation and administration of such a district. 2. The resolution adopted pursuant to subsection 1 must approve a program guide that contains, without limitation: (a) A draft voluntary assessment agreement between the municipality […]
