Section 7-84-715 - Establishment resolutionsThe 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.Added by 2024 Tenn. Acts, ch. 860,s 1, eff. 5/1/2024.