Section 7-84-711 - District area - Residential requirement(a) An infrastructure development district created by one (1) or more host municipalities must:(1) Be composed of not less than five (5) acres; or(2) Contemplate a capital cost for the development of the district of not less than five million dollars ($5,000,000).(b) At least one half (1/2) of the area in the district must be expected to be used for residential housing, whether single family or multifamily, as described in the petition.(c) An infrastructure development district created by one (1) or more host municipalities may embrace two (2) or more separate property areas. The jurisdiction of a host municipality to make and provide, finance, and levy assessments for infrastructure costs within a district is not impaired by a lack of commonness, unity, or singleness of the location, purpose or character of the infrastructure, or by the fact that any one (1) or more of the properties included in the district are subsequently determined not to be benefited by such infrastructure, or by a particular portion of the infrastructure, and is not assessed for such infrastructure costs.(d) The creation or existence of a district is not subject to challenge if any of the projections of capital costs, residential use, or other matters contained in the petition are not achieved.Added by 2024 Tenn. Acts, ch. 860,s 1, eff. 5/1/2024.