2021 New Mexico Statutes
Article 63 - Business Improvement Districts
Section 3-63-7 - Ordinance creating the district.

The ordinance to create a district shall include:
A. a list of improvements to be provided by the district;
B. the amount of benefit estimated to be conferred on each tract or parcel of real property;
C. a description of the real property or businesses to be assessed a business improvement benefit fee;
D. the assessment method to be used to finance the improvements of the district;
E. the amount of the assessment to be imposed on each real property owner; and
F. the terms of members, method of appointment and duties of the management committee for the district.
History: Laws 1988, ch. 32, § 7; 1999, ch. 204, § 4.
The 1999 amendment, effective April 6, 1999, inserted "or businesses" in Subsection C.

Structure 2021 New Mexico Statutes