Maine Revised Statutes Title 30-A Sec. 5215 – Dissolution of capital improvement district
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Terms Used In Maine Revised Statutes Title 30-A Sec. 5215
- Capital improvement district: means a defined area within a municipality that is initially privately owned and that has been designated by the municipality as a capital improvement district according to the provisions of this chapter for the interrelated purposes of fairly apportioning the costs of making necessary capital improvements among the owners of property in the capital improvement district and establishing the public elements of the capital improvement district as municipally owned. See Maine Revised Statutes Title 30-A Sec. 5211
- Improvement: means road construction, drainage system development or the installation of sewer or drinking water infrastructure. See Maine Revised Statutes Title 30-A Sec. 5211
- Lien: A claim against real or personal property in satisfaction of a debt.
- Municipal officers: means :
A capital improvement district created under this chapter may not be dissolved until the debt created by the improvements is finally discharged and the special assessments levied for the purpose of providing for those improvements have been paid or otherwise satisfied. The municipal officers shall dissolve a capital improvement district upon certification of the discharge of debt. The certification of the discharge of debt must be presented to the municipal officers by the municipal treasurer. At a minimum, the certification must include an attestation by the municipal treasurer that all assessed shares levied for the improvements in a capital improvement district have been paid in full or a property tax lien has been recorded in the registry of deeds. [PL 2003, c. 510, Pt. A, §29 (NEW).]
SECTION HISTORY
PL 2003, c. 510, §A29 (NEW).