Massachusetts General Laws ch. 40O sec. 3 – Initiation of organization; contents of petition
Section 3. The organization of a BID shall be initiated by a petition of the property owners within the proposed BID which shall be filed in the office of the clerk of the municipality.
Terms Used In Massachusetts General Laws ch. 40O sec. 3
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Such petition shall contain:
(1) the signatures of the owners of at least fifty-one percent of the assessed valuation of all real property within the proposed BID and sixty percent of the real property owners within the proposed BID;
(2) a description of and a site map delineating the boundaries of the proposed BID;
(3) the proposed improvement plan which shall set forth the supplemental services and programs, revitalization strategy, update mechanism, and budget and fee structures;
(4) the identity and location of the management entity designated to implement and oversee the ongoing improvement plan; and
(5) the criteria for waiving the fee for any property owner within the BID who can provide evidence that the imposition of such fee would create a significant financial hardship.
Such petition may include a mechanism for reimbursing the municipality for the costs incurred in establishing the BID, and for costs incurred in collecting the district fees.
[ Fourth paragraph effective until May 30, 2023. For text effective May 30, 2023, see below.]
A copy of said petition shall be filed with the director of housing and community development within thirty days of receipt of such petition by the clerk of the municipality.
[ Fourth paragraph as amended by 2023, 7, Sec. 184 effective May 30, 2023. See 2023, 7, Sec. 298. For text effective until May 30, 2023, see above.]
A copy of said petition shall be filed with the secretary of economic development within thirty days of receipt of such petition by the clerk of the municipality.