Utah § 11-42b-110 Dissolution of assessment area -- Procedure -- Disposition of revenues -- Notice requirements.

Utah Statutes

§ 11-42b-110 — Dissolution of assessment area -- Procedure -- Disposition of revenues -- Notice requirements.

Utah·Title 11 Cities, Counties, and Local Taxing Units·Ch. 11-42b Convention and Tourism Business Assessment Area Act

(1)The legislative body may dissolve an assessment area before the assessment area expires as provided in this section.

(2)The legislative body may not dissolve an assessment area under Subsection (1) unless:

(2)(a) (2)(a)(i) the legislative body determines there has been a misappropriation of funds, malfeasance, or a violation of law in connection with the management of the assessment area; or

(2)(a)(ii) a petition to dissolve the assessment area:

(2)(a)(ii)(A) is signed by a qualified number of owners; and

(2)(a)(ii)(B) is submitted to the legislative body within the period described in Subsection (3);

(2)(b) subject to Subsection (4), the legislative body gives notice of the proposed dissolution;

(2)(c) the legislative body holds a public meeting; and

(2)(d) at the public meeting de

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(1) The legislative body may dissolve an assessment area before the assessment area expires as provided in this section.
(2) The legislative body may not dissolve an assessment area under Subsection (1) unless:

(2)(a) (2)(a)(i) the legislative body determines there has been a misappropriation of funds, malfeasance, or a violation of law in connection with the management of the assessment area; or
(2)(a)(ii) a petition to dissolve the assessment area:

(2)(a)(ii)(A) is signed by a qualified number of owners; and
(2)(a)(ii)(B) is submitted to the legislative body within the period described in Subsection (3);
(2)(b) subject to Subsection (4), the legislative body gives notice of the proposed dissolution;
(2)(c) the legislative body holds a public meeting; and
(2)(d) at the public meeting described in Subsection (2)(c), the legislative body adopts an ordinance or resolution dissolving the assessment area.
(3) The owners of benefitted properties may submit to the legislative body a petition described in Subsection (2)(a)(ii):

(3)(a) within a 30-day period that begins after the day on which the assessment area is designated by ordinance or resolution under Section 11-42b-107; or
(3)(b) within the same 30-day period during each subsequent year in which the assessment area exists.
(4) The notice described in Subsection (2)(b) shall:

(4)(a) state:
(4)(a)(i) the reasons for the proposed dissolution; and
(4)(a)(ii) the date, time, and place of the public meeting described in Subsection (2)(c); and
(4)(b) be published for the assessment area, as a class B notice under Section 63G-30-102, for at least 20 days, but not more than 35 days, before the day of the public meeting described in Subsection (2)(c).
(5) Upon the dissolution of an assessment area, the third party administrator shall return to the owner of each benefitted property any remaining revenues attributable to the benefitted property.

Utah § 11-42b-110 (Dissolution of assessment area -- Procedure -- Disposition of revenues -- Notice requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.