Section 12-407 - Documentation required by owners seeking to establish district. - Maryland Statutes

§ 12-407. Documentation required by owners seeking to establish district.
 

(a)  Submission.- The owners of nonexempt property who seek to establish a district corporation shall submit appropriate documentation as described in subsection (b) of this section to: 

(1) the governing body of the county in which the proposed district is located; and 

(2) if the proposed district is located within a municipal corporation, the governing body of the municipal corporation. 

(b)  Contents.- The appropriate documentation required under subsection (a) of this section shall contain: 

(1) a statement setting forth: 

(i) the proposed name and address of the district corporation; and 

(ii) the street address of each owner of nonexempt property within the proposed district; 

(2) a statement expressing the intent to establish a district corporation that is signed by at least 80% of the owners of the total number of parcels of nonexempt property in the geographic area of the proposed district; 

(3) a proposed 3-year business plan that contains: 

(i) the goals and objectives of the proposed district; 

(ii) the annual proposed business improvement district tax for the proposed district's common operations and the formula used to determine each member's district tax; and 

(iii) the maximum amount and the nature of start-up costs incurred before the district's establishment; 

(4) a tax assessor's map of the geographic area of the proposed district; 

(5) a list of the proposed initial board of the proposed district corporation; 

(6) the proposed articles of incorporation and the bylaws of the district corporation; 

(7) for all nonexempt property within the proposed district: 

(i) the name and mailing address of each owner; and 

(ii) the most recent assessed value; and 

(8) a list of the names and addresses of all commercial tenants within the geographic area of the proposed district. 

(c)  Public hearing.- Within 45 days after receiving all appropriate documentation under subsection (b) of this section, the governing body of a county or municipal corporation shall schedule a public hearing on the application. 
 

[2010, ch. 461.]