N.M. Stat. § 3-63-7

Current through 2024, ch. 69

Section 3-63-7 - Ordinance creating the district

The ordinance to create a district shall include:

A. a list of improvements to be provided by the district;

B. the amount of benefit estimated to be conferred on each tract or parcel of real property;

C. a description of the real property or businesses to be assessed a business improvement benefit fee;

D. the assessment method to be used to finance the improvements of the district;

E. the amount of the assessment to be imposed on each real property owner; and

F. the terms of members, method of appointment and duties of the management committee for the district.

NMS § 3-63-7

Laws 1988, ch. 32, § 7; 1999, ch. 204, § 4.