50-2623. DISCLOSURE REQUIREMENT PRIOR TO LEASE OR SALE OF PROPERTY. Prior to leasing or selling property located within a business improvement district, property owners are required to provide written disclosure to prospective lessees or purchasers that the subject property is located within a business improvement district and that the lessee or purchaser may be responsible for the payment of special assessments to the legislative authority. The written disclosure shall be a statement by the property owner and shall not be construed to be a statement made by any agent representing the property owner. No agent of the property owner shall be authorized to make such a disclosure as provided in this chapter or to verify the same.
History:
[50-2623, added 2003, ch. 204, sec. 2, p. 545.]
Structure Idaho Code
Title 50 - MUNICIPAL CORPORATIONS
Chapter 26 - BUSINESS IMPROVEMENT DISTRICTS
Section 50-2601 - AUTHORIZATION — PURPOSES — SPECIAL ASSESSMENTS.
Section 50-2602 - DEFINITIONS.
Section 50-2603 - INITIATION PETITION — CONTENTS.
Section 50-2604 - RESOLUTION OF INTENTION TO ESTABLISH — CONTENTS — HEARING.
Section 50-2605 - NOTICE OF HEARING.
Section 50-2607 - CHANGE OF BOUNDARIES.
Section 50-2608 - SPECIAL ASSESSMENTS — CLASSIFICATION OF BUSINESSES.
Section 50-2610 - ORDINANCE TO ESTABLISH — ADOPTION — CONTENTS.
Section 50-2611 - USE OF REVENUE — CONTRACTS TO ADMINISTER OPERATION OF DISTRICT.
Section 50-2612 - USE OF ASSESSMENT PROCEEDS RESTRICTED.
Section 50-2613 - COLLECTION OF ASSESSMENTS.
Section 50-2614 - CHANGES IN ASSESSMENT RATES.
Section 50-2615 - BENEFIT ZONES — AUTHORIZED — RATES.
Section 50-2617 - EXEMPTION PERIOD FOR NEW BUSINESSES.
Section 50-2618 - DISESTABLISHMENT OF DISTRICT — HEARING.
Section 50-2619 - DISESTABLISHMENT OF DISTRICT — ASSETS AND LIABILITIES.
Section 50-2620 - BIDS REQUIRED — MONETARY AMOUNT.
Section 50-2621 - COMPUTING COST OF IMPROVEMENT FOR BID REQUIREMENT.
Section 50-2623 - DISCLOSURE REQUIREMENT PRIOR TO LEASE OR SALE OF PROPERTY.
Section 50-2624 - NOTIFICATION IN THE EVENT OF LEASE OR SALE.