§ 7-84-715 — Establishment resolutions

Tennessee § 7-84-715

• Jurisdiction: Tennessee
• Title: 7

Text

The establishment resolution adopted by the governing body of the municipality must include: (1) The name of the district as set forth in the original or amended initiating petition; (2) An identification of each host municipality; (3) A description of the boundaries of the district as set out in the original or amended initiating petition; (4) A statement that the properties in the area established by the resolution must be subject to the special assessment; (5) The name and address of the developer; (6) A statement of the infrastructure and infrastructure costs authorized to be funded with special assessment revenues within the district; (7) The rate of levy of the special assessment to be imposed; (8) The time and manner in which special assessments authorized by the resolution must be paid; (9) The portion of special assessments to be retained by the host municipality for the payment of administrative expenses, as described in § 7-84-718 ; and (10) A statement that the district is established pursuant to this part and that the administration of such district is governed by this part.

Legislative History

Added by 2024 Tenn. Acts, ch. 860,s 1, eff. 5/1/2024.