Section 9-51-40 - Resolution of necessity prepared and filed with auditor or clerk--Contents ofresolution--Plan for financing. - South Dakota Statutes

9-51-40. Resolution of necessity prepared and filed with auditor or clerk--Contents of resolution--Plan for financing. After the plat and schedules have been prepared as set forth in §§ 9-51-38 and 9-51-39, a proposed resolution of necessity shall be prepared and filed in the office of the city auditor or town clerk which resolution shall describe the benefit district for the purpose of assessment, declare the acquiring of a public parking facility or facilities a necessity, describe the location of the proposed public parking facility or facilities and the construction to be placed thereon, the estimated cost to acquire and improve such public parking facility or facilities, and the estimated annual cost of maintaining such facility or facilities, state either that all or what percentage of the cost of the public parking facility is to be paid by special assessments and what portion is expected to be paid from the revenue to be derived from the public parking facility, if any, and what portion is to be paid from other sources, describing each source, shall state that the cost to be assessed shall be apportioned according to the benefits to accrue to each lot or tract as determined by the governing body, and shall state that a plat and schedule are on file in the office of the city auditor or the town clerk giving further details of the proposed project.

Source: SL 1967, ch 231, § 5.