As used in this article, the following words and phrases have the following meanings:
(1)AREA. In the case of a self-help business improvement district formed to promote economic growth, the geographical area or areas comprising the parcels of real property designated to be located within the district, regardless of whether the individual parcels are subject to the special assessment.
(2)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 municipality to administer and provide services to a self-help business improvement district.
(3)DISTRICT MEMBER. In the case of a self-help business improvement district established to promote economic growth, an owner of real proper
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As used in this article, the following words and phrases have the following meanings:
(1) AREA. In the case of a self-help business improvement district formed to promote economic growth, the geographical area or areas comprising the parcels of real property designated to be located within the district, regardless of whether the individual parcels are subject to the special assessment.
(2) 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 municipality to administer and provide services to a self-help business improvement district.
(3) DISTRICT MEMBER. In the case of a self-help business improvement district established to promote economic growth, an owner of real property who is to benefit from and pay the special assessment to fund supplemental services or, in the case of a self-help business improvement district established to increase tourism, an owner or operator of a business in a particular class who is to benefit from and pay the special assessment to fund supplemental services.
(4) MUNICIPALITY. Any Class 3 municipality as defined in Section 11-40-12.
(5) OWNER OF REAL PROPERTY. In the case of a self-help business improvement district to promote economic growth, an owner of any parcel of real property who is to benefit from and pay the special assessment under the self-help business improvement plan.
(6) SELF-HELP BUSINESS IMPROVEMENT DISTRICT or DISTRICT. An area within the municipality designated by ordinance in which a special assessment may be levied on the owners of real property located within the area to provide supplemental services in order to promote the economic growth of the district or, alternatively, an area or areas designated by ordinance in which a special assessment may be levied on businesses of a particular class located within the area or areas to provide supplemental services in order to increase tourism in the municipality.