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.