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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?" |
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| | | The voters shall indicate by a cross or check mark placed | | against the word "Yes" or "No" their opinion of the same. |
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| | | 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. |
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| | | 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. |
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| | | §5214.__Implementation of improvements to capital improvement |
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| | | 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 | | improvements within the capital improvement district.__Advisory | | committee members serve at the pleasure of the municipal | | officers. |
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| | | 2.__Cost of improvement.__The initial cost of an authorized | | improvement in a capital improvement district is borne by the | | municipality until the improvement is complete, as determined by | | the municipal officers.__Commencing with the first tax year that | | begins after the determination by the municipal officers that the | | improvement is complete, the municipality shall levy a special | | assessment against each property in the capital improvement | | district representing that property's annual share of the cost of | | the improvement as determined by the municipal officers and | | projected in the referenda ballots that created the capital |
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