New Mexico Statutes 3-63-7. Ordinance creating the district
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The ordinance to create a district shall include:
Terms Used In New Mexico Statutes 3-63-7
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
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.