LD 274, Page 24 - 121th Legislature, FIRST REGULAR Session

C.__The referendum to be voted on must be worded

substantially as follows: "Are you in favor of establishing

a capital improvement district described on the reverse

side of this ballot or in the attachment to this ballot and

authorizing a special assessment against the several

properties in the capital improvement district, with the

special assessment running for a period of ____ years, for

the purpose of (describe improvements), with the total

assessment to all owners of property within the capital

improvement district not to exceed $___________, plus a

contingency of no more than 25% of that assessment, all of

which are subject to the property tax collection and lien

procedures established by state law, and are you also in

favor of the municipality of ________ accepting the public

costs for the capital improvement district improvements,

specifically described as (describe the public elements),

with all associated and ongoing rights, privileges and

responsibilities of public ownership?"

The voters shall indicate by a cross or check mark placed
against the word "Yes" or "No" their opinion of the same.

D.__If a majority of those voting approve of the ballot
question, the capital improvement district is created.
Upon the creation of a capital improvement district, the
municipality is authorized to raise revenues pursuant to
chapter 223 and expend those revenues for the improvements
authorized at referendum.

E.__If the owners of property within the proposed capital
improvement district or the voters of the municipality
fail to establish the capital improvement district, the
municipal officers may not act upon a proposal to create
the same capital improvement district for a period of 3
years from the date that capital improvement district was
rejected by voters.

§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 7 owners of
property within the capital improvement district for the
purposes of receiving
comments and recommendations on the proposed improvement or

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