Arkansas § 14-287-102 Petition to create

Arkansas Statutes

§ 14-287-102 — Petition to create

Before a municipal management district can be created, a petition must be submitted to the governing body of the municipality that includes the following:

(1)A resolution to the governing body in support of the creation of the district and signed by at least ninety percent (90%) of the property owners within the district representing at least ninety percent (90%) of the appraised property value within the district and at least ninety percent (90%) of the privately held land area within the district;

(2)The boundaries of the proposed district;

(3)The specific purposes for which the district will be created;

(4)The general nature of the work, projects, or services proposed to be provided;

(5)The method of establishing assessments for the district;

(6)A project cost estimate which shall

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Before a municipal management district can be created, a petition must be submitted to the governing body of the municipality that includes the following: (1) A resolution to the governing body in support of the creation of the district and signed by at least ninety percent (90%) of the property owners within the district representing at least ninety percent (90%) of the appraised property value within the district and at least ninety percent (90%) of the privately held land area within the district; (2) The boundaries of the proposed district; (3) The specific purposes for which the district will be created; (4) The general nature of the work, projects, or services proposed to be provided; (5) The method of establishing assessments for the district; (6) A project cost estimate which shall not exceed two million dollars ($2,000,000); and (7) A budget for operating and paying for improvements.

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