The establishment ordinance adopted by the governing body of the municipality shall include:

(1) The name of the district as set forth in the original or amended initiating petition or initiating resolution;
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Terms Used In Tennessee Code 7-84-517

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • District: means the central business district created by ordinance or resolution by a municipality, or a corridor of central business districts created by joint agreement of two (2) or more municipalities. See Tennessee Code 7-84-103
  • Establishment ordinance: means the ordinance of the governing body adopted pursuant to §. See Tennessee Code 7-84-503
  • Governing body: means the council, commission, board or other body exercising general legislative power in the municipality. See Tennessee Code 7-84-503
  • Initiating petition: means the petition filed pursuant to §. See Tennessee Code 7-84-503
  • Initiating resolution: means the resolution adopted by the governing body pursuant to §. See Tennessee Code 7-84-503
  • Municipality: means any incorporated city, town or metropolitan government of this state exercising general governmental functions in the state. See Tennessee Code 7-84-503
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
(2) A description of the boundaries of the district as set out in the original or amended initiating petition or initiating resolution;
(3) A statement that the properties in the area established by the ordinance shall be subject to the provisions of the special assessment;
(4) A statement of the improvements, services, and projects authorized to be provided within and for the district and other proposed uses of special assessment revenues within the district;
(5) The initial or additional rate of levy of the special assessment to be imposed with a breakdown by property classification if classifications are used;
(6) The time and manner in which special assessments authorized by the ordinance shall be paid;
(7) If the governing body desires to create or appoint a district management corporation as provided in § 7-84-502, such creation or appointment; and
(8) A statement that the district is established pursuant to this part and that the administration of such district shall be governed by this part.
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