§ 3 — Initiation of organization; contents of petition

Massachusetts § 3

• Jurisdiction: Massachusetts
• Part I: ADMINISTRATION OF THE GOVERNMENT
• Title VII: CITIES, TOWNS AND DISTRICTS
• Ch. 40O: BUSINESS IMPROVEMENT DISTRICTS

Text

Section 3. The organization of a BID shall be initiated by a petition of the property owners within the proposed BID which shall be filed in the office of the clerk of the municipality.Such petition shall contain:(1) the signatures of the owners of at least fifty-one percent of the assessed valuation of all real property within the proposed BID and sixty percent of the real property owners within the proposed BID;(2) a description of and a site map delineating the boundaries of the proposed BID;(3) the proposed improvement plan which shall set forth the supplemental services and programs, revitalization strategy, update mechanism, and budget and fee structures;(4) the identity and location of the management entity designated to implement and oversee the ongoing improvement plan; and(5) the criteria for waiving the fee for any property owner within the BID who can provide evidence that the imposition of such fee would create a significant financial hardship.Such petition may include a mechanism for reimbursing the municipality for the costs incurred in establishing the BID, and for costs incurred in collecting the district fees.[ Fourth paragraph effective until May 30, 2023. For text effective May 30, 2023, see below.]A copy of said petition shall be filed with the director of housing and community development within thirty days of receipt of such petition by the clerk of the municipality.[ Fourth paragraph as amended by 2023, 7, Sec. 184 effective May 30, 2023. See 2023, 7, Sec. 298. For text effective until May 30, 2023, see above.]A copy of said petition shall be filed with the secretary of economic development within thirty days of receipt of such petition by the clerk of the municipality.