(a) The governing body of the municipality, upon review of the self-help business improvement district plan and after public hearing, by ordinance, may designate, establish, and maintain the area described in the plan as a self-help business improvement district.
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Terms Used In Alabama Code 11-54B-86

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • following: means next after. See Alabama Code 1-1-1
(b) The ordinance shall include all of the following:

(1) A statement that the district shall take effect 30 days after the date of adoption of the ordinance.
(2) A statement that the district management corporation provided for in the plan shall provide administrative and other services to the district.
(3) A statement that the municipality and the district management corporation are authorized to enter a contract setting out the services to be respectively provided by the district and the municipality, and providing that the municipality shall continue the same level of services in the district as provided before its creation.
(4) In the case of a district formed to promote economic development, a list of all real properties by street addresses which shall benefit from and pay the special assessment, accompanied with a map of the district area or, in the case of a district formed to increase tourism, a list of all businesses in a particular class by street address which shall benefit from and pay the special assessment.
(5) A summary of the proposed supplemental services to promote economic growth or increase tourism, which shall be funded by a levy of a special assessment on the district members.
(6) An adequate description of the method used to determine the special assessment, including different assessment rates if applicable, and how the burden of the special assessment is equitably apportioned among district members.
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