South Dakota Codified Laws 9-53-4. Feasibility survey conducted prior to establishment of district
Prior to the establishment of any benefit district for the acquiring or improving of a public convention hall, the governing body shall cause to be conducted a survey and investigation of the feasibility of such proposed district. Such survey shall include a determination of the desirability of the proposed location of such convention hall, the approximate cost to acquire a site and to make the proposed improvement, the area to be included within such district, the assessed valuation of the privately owned property subject to assessment in such proposed district, the necessity for the creation of such a district, and such other matters as the governing body deems necessary to properly consider the necessity for such a district and the financial feasibility of its creation.
Terms Used In South Dakota Codified Laws 9-53-4
- Governing body: shall mean the governing body of a municipal corporation. See South Dakota Codified Laws 9-53-1
- Privately owned property: shall mean all real property, except that property upon which is situated a one-family or two-family dwelling and which is used only for residential purposes which residential property shall be exempt from assessment. See South Dakota Codified Laws 9-53-1
- Public convention hall: shall mean a real estate site and building, structure, or edifice which may be used by the general public or portions of the public for the purposes of meetings, discussions, conventions, shows, displays, amusements, and any other public purpose. See South Dakota Codified Laws 9-53-1
Source: SL 1967, ch 230, § 4.