§ 12-407. Documentation required by owners seeking to establish district.
(a) Submission.- The owners of nonexempt property who seek to establish a district corporation shall submit appropriate documentation as described in subsection (b) of this section to:
(1) the governing body of the county in which the proposed district is located; and
(2) if the proposed district is located within a municipal corporation, the governing body of the municipal corporation.
(b) Contents.- The appropriate documentation required under subsection (a) of this section shall contain:
(1) a statement setting forth:
(i) the proposed name and address of the district corporation; and
(ii) the street address of each owner of nonexempt property within the proposed district;
(2) a statement expressing the intent to establish a district corporation that is signed by at least 80% of the owners of the total number of parcels of nonexempt property in the geographic area of the proposed district;
(3) a proposed 3-year business plan that contains:
(i) the goals and objectives of the proposed district;
(ii) the annual proposed business improvement district tax for the proposed district's common operations and the formula used to determine each member's district tax; and
(iii) the maximum amount and the nature of start-up costs incurred before the district's establishment;
(4) a tax assessor's map of the geographic area of the proposed district;
(5) a list of the proposed initial board of the proposed district corporation;
(6) the proposed articles of incorporation and the bylaws of the district corporation;
(7) for all nonexempt property within the proposed district:
(i) the name and mailing address of each owner; and
(ii) the most recent assessed value; and
(8) a list of the names and addresses of all commercial tenants within the geographic area of the proposed district.
(c) Public hearing.- Within 45 days after receiving all appropriate documentation under subsection (b) of this section, the governing body of a county or municipal corporation shall schedule a public hearing on the application.
§ 12-407. Documentation required by owners seeking to establish district.
(a) Submission.- The owners of nonexempt property who seek to establish a district corporation shall submit appropriate documentation as described in subsection (b) of this section to:
(1) the governing body of the county in which the proposed district is located; and
(2) if the proposed district is located within a municipal corporation, the governing body of the municipal corporation.
(b) Contents.- The appropriate documentation required under subsection (a) of this section shall contain:
(1) a statement setting forth:
(i) the proposed name and address of the district corporation; and
(ii) the street address of each owner of nonexempt property within the proposed district;
(2) a statement expressing the intent to establish a district corporation that is signed by at least 80% of the owners of the total number of parcels of nonexempt property in the geographic area of the proposed district;
(3) a proposed 3-year business plan that contains:
(i) the goals and objectives of the proposed district;
(ii) the annual proposed business improvement district tax for the proposed district's common operations and the formula used to determine each member's district tax; and
(iii) the maximum amount and the nature of start-up costs incurred before the district's establishment;
(4) a tax assessor's map of the geographic area of the proposed district;
(5) a list of the proposed initial board of the proposed district corporation;
(6) the proposed articles of incorporation and the bylaws of the district corporation;
(7) for all nonexempt property within the proposed district:
(i) the name and mailing address of each owner; and
(ii) the most recent assessed value; and
(8) a list of the names and addresses of all commercial tenants within the geographic area of the proposed district.
(c) Public hearing.- Within 45 days after receiving all appropriate documentation under subsection (b) of this section, the governing body of a county or municipal corporation shall schedule a public hearing on the application.
§ 12-407. Documentation required by owners seeking to establish district.
(a) Submission.- The owners of nonexempt property who seek to establish a district corporation shall submit appropriate documentation as described in subsection (b) of this section to:
(1) the governing body of the county in which the proposed district is located; and
(2) if the proposed district is located within a municipal corporation, the governing body of the municipal corporation.
(b) Contents.- The appropriate documentation required under subsection (a) of this section shall contain:
(1) a statement setting forth:
(i) the proposed name and address of the district corporation; and
(ii) the street address of each owner of nonexempt property within the proposed district;
(2) a statement expressing the intent to establish a district corporation that is signed by at least 80% of the owners of the total number of parcels of nonexempt property in the geographic area of the proposed district;
(3) a proposed 3-year business plan that contains:
(i) the goals and objectives of the proposed district;
(ii) the annual proposed business improvement district tax for the proposed district's common operations and the formula used to determine each member's district tax; and
(iii) the maximum amount and the nature of start-up costs incurred before the district's establishment;
(4) a tax assessor's map of the geographic area of the proposed district;
(5) a list of the proposed initial board of the proposed district corporation;
(6) the proposed articles of incorporation and the bylaws of the district corporation;
(7) for all nonexempt property within the proposed district:
(i) the name and mailing address of each owner; and
(ii) the most recent assessed value; and
(8) a list of the names and addresses of all commercial tenants within the geographic area of the proposed district.
(c) Public hearing.- Within 45 days after receiving all appropriate documentation under subsection (b) of this section, the governing body of a county or municipal corporation shall schedule a public hearing on the application.
