11-54B-7
Section 11-54B-7 Review of self-help business improvement district plan and adoption of ordinance. The municipality, upon review of the self-help business improvement district plan submitted, may, after public hearing, adopt an ordinance to designate, establish, and maintain the area described in the plan as a self-help business improvement district. The ordinance shall provide for an effective date which is sixty (60) days from the date of adoption of the ordinance by the municipality and shall provide that, if the owners of real property which represent one-third ( 1/3 ) or more (by number) of all parcels of real property located within the geographical area of the district file written objections to the establishment of the district with the clerk of the municipality, the provisions of such ordinance shall be null and void and no district shall be created. The ordinance shall designate the district management corporation provided for in the plan as the district management...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-7.htm - 1K - Match Info - Similar pages
11-54B-4
Section 11-54B-4 Findings required for public hearing on adoption of self-help business improvement district ordinance. A public hearing on the adoption of a self-help business improvement district ordinance may be called only if the governing body of a municipality finds that: (a) A request for the creation of a self-help business improvement district which satisfies the requirements of Section 11-54B-5 has been filed with the clerk of the municipality. (b) The area described in the self-help business improvement district plan would benefit from being designated as a self-help business improvement district. (c) The self-help business improvement district plan required by Section 11-54B-5 includes a designated district management corporation to provide administrative and other services to benefit businesses, employees, residents, and consumers in the self-help business improvement district. (d) The self-help business improvement district plan includes a special assessment which will be...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-4.htm - 2K - Match Info - Similar pages
11-54B-5
Section 11-54B-5 Requirements of request for creation of self-help business improvement district. A request for the creation of a self-help business improvement district must contain the following: (a) The signatures of a representative group of the owners of the real property located within the geographical area of the proposed district. The group must include the signatures of the owners of real property which comprises at least two-thirds of the total fair market value of all real property located in the proposed district. Ownership of real property and the fair market value thereof shall be determined by the county property tax assessment records. When record title to real property is vested in a public corporation or authority under a bond financing plan provided for by statute, the beneficial user of the real property in which title may ultimately be vested by purchase shall be deemed the owner of such real property for purposes of this article. (b) An accurate description,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-5.htm - 2K - Match Info - Similar pages
11-54B-43
Section 11-54B-43 Findings required for a public hearing on the adoption of a self-help business improvement district ordinance. A public hearing on the adoption of an ordinance creating a self-help business improvement district may be called only if the governing body of a Class 2 municipality finds that: (1) A request for the creation of a self-help business improvement district which satisfies the requirements of Section 11-54B-44 has been filed with the clerk of the municipality. (2) The area described in the self-help business improvement plan would benefit from being designated as a self-help business improvement district. (3) The self-help business improvement district plan required by Section 11-54B-44 includes a designated district management corporation to provide administrative and other services to benefit businesses, employees, residents, and consumers in the self-help business improvement district. (4) The self-help business improvement district plan includes a special...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-43.htm - 2K - Match Info - Similar pages
11-54B-44
Section 11-54B-44 Requirements of a request for the creation of a self-help business improvement district. A request for the creation of a self-help business improvement district shall contain all of the following: (1) The signatures of a representative group of the owners of the nonexempt real property located within the geographical area of the proposed district. The group shall include the signatures of the owners of the nonexempt real property comprising at least 60 percent of the total fair market value of all nonexempt real property located in the proposed district and the signature of an owner of at least 50 percent of the parcels of property located within the proposed district. The county property tax assessment records shall determine ownership of real property and the fair market value. When record title to real property is vested in a public corporation or authority under a bond financing plan provided for by statute, the beneficial user of the real property in which title...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-44.htm - 4K - Match Info - Similar pages
11-54B-19
Section 11-54B-19 Sunset provision. (a) Within sixty (60) days after the adoption and approval of the fifth annual budget for any self-help business improvement district, the board of directors of the district management corporation shall set a hearing to determine whether the district should be continued, modified, or terminated. At least twenty (20) days before the hearing, notice of the date, place and time of such hearing shall be posted in at least three (3) places within the district and mailed to each real property owner who paid assessments to the district during the previous year as certified by an officer of the district management corporation collecting such assessments. (b) Whenever a petition is presented to the board of directors of the district management corporation signed by real property owners in the district which paid twenty-five percent (25%) or more of the assessments paid in the district during the last fiscal year for which assessments were collected, the board...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-19.htm - 2K - Match Info - Similar pages
11-54B-58
Section 11-54B-58 Sunset provision. (a) Within 90 days after the adoption and approval of the fifth annual budget for any self-help business improvement district, the municipality shall set a hearing to determine whether the district should be continued, modified, or terminated. At least 20 days before the hearing, notice of the date, place, and time of the hearing shall be posted in at least three places within the district and mailed, along with the new district management plan, which shall contain the items described in subdivision (4) of Section 11-54B-44, to each real property or business owner who paid assessments to the district during the previous year as certified by an officer of the district management corporation collecting such assessments, the officers of the municipal revenue department, or the offices of county tax assessor and county tax collector, if they are the billing and collecting agency. (b) At this hearing, if a petition presented to the municipality objecting...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-58.htm - 1K - Match Info - Similar pages
11-54B-41
Section 11-54B-41 Definitions. As used in this article, the following words and phrases shall have the following meanings: (1) DISTRICT MANAGEMENT CORPORATION. An entity created by incorporation under the Alabama Nonprofit Corporation Act, Chapter 3 of Title 10A, and designated by ordinance by the incorporated municipality to manage a self-help business improvement district. (2) MUNICIPALITY. Those municipalities designated as Class 2 municipalities as defined in Section 11-40-12. (3) SELF-HELP BUSINESS IMPROVEMENT DISTRICT. An area within the incorporated municipality designated by ordinance as an area in which a special assessment may be levied on the owners of real property located within the geographical area of the district for the purposes of providing supplemental services within the district and promoting the economic and general welfare of the district or, alternatively with respect to a district formed for the purpose of increasing tourism within the municipality, an area or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-41.htm - 1K - Match Info - Similar pages
11-54B-50
Section 11-54B-50 District management corporation limits, powers, and duties. (a) District management corporations provided for in this article shall be incorporated under the Alabama Nonprofit Corporation Act, Chapter 3 of Title 10A, and shall exercise their powers in a manner consistent with that law. (b) To qualify for designation by ordinance to manage a self-help business improvement district, the articles of incorporation of a proposed district management corporation shall provide all of the following: (1) That a board of directors shall manage the property, business, and affairs of the corporation. (2) The names and addresses of the initial members of the board of directors. (3) That the initial members of the board shall be divided into three groups which are as equal in number as is possible, that those groups will serve for initial terms of one, two, and three years respectively, and that all directors thereafter elected by the board of directors shall serve for a term of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-50.htm - 5K - Match Info - Similar pages
11-54B-2
Section 11-54B-2 Definitions. As used in this article, the following words and phrases shall have the following meanings: (1) MUNICIPALITY. Any Class 1 municipality located in the State of Alabama. (2) DISTRICT MANAGEMENT CORPORATION. An entity created by incorporation under The Alabama Nonprofit Corporation Act (Chapter 3A of Title 10), and designated by ordinance to manage a self-help business improvement district. (3) SELF-HELP BUSINESS IMPROVEMENT DISTRICT. A geographical area, whether or not contiguous, within a municipality designated by ordinance as an area in which a special assessment may be levied on the owners of the real property located within the geographical area of the district for the purposes of providing supplemental services within the district and promoting the economic and general welfare of the district. (Acts 1994, No. 94-677, p. 1295, §2; Act 2007-479, p. 1017, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-54B-2.htm - 1K - Match Info - Similar pages
|