Section 5-18-5 - Resolution declaring intention to form district. - New Mexico Statutes

5-18-5. Resolution declaring intention to form district.

A.     A governing body may adopt a resolution declaring its intention to form a district.  The resolution shall state the following:

(1)     the purposes for which the district is to be formed;

(2)     that the district shall include only property for which the owner has agreed to the inclusion of the property within the district, and that inclusion of property may occur subsequent to the adoption of the resolution forming the district; 

(3)     the process by which a property owner can execute an agreement to include property in the district;

(4)     a description of the specific types of renewable energy improvements that will be eligible for the financing provided pursuant to the Renewable Energy Financing District Act;

(5)     that inclusion of property in the district will result in the imposition of special assessments on the property to pay the costs of the approved renewable energy improvements, financing and administrative fees;

(6)     the method of calculating the amount of the special assessment and the manner of collection of the special assessment;

(7)     that standards and requirements will be set by the district board for renewable energy improvements to be installed on property in the district;

(8)     a reference to the Renewable Energy Financing District Act; and 

(9)     that the district will be governed by a district board composed of the members of the governing body or by five directors to be appointed by the governing body.

B.     The resolution shall direct that a hearing on formation of the district be scheduled and notice be published as required for public hearings of the governing body.