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Section 7-84-715 - Establishment resolutions — Tennessee Law | CourtGPT
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  2. Laws/
  3. Tennessee/
  4. Title 7 - Consolidated Governments and Local Governmental Functions and Entities (§§ 7-1-101 — 7-91-104)/
  5. Special Districts - /
  6. Chapter 84 - Central Business Improvement District Act of 1971/
  7. Part 7 - Residential Infrastructure Development Act of 2024/
  8. Section 7-84-715 - Establishment resolutions
Tennessee Legal Code
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.Added by 2024 Tenn. Acts, ch. 860,s 1, eff. 5/1/2024.

Section 7-84-715 - Establishment resolutions

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