As Amended
SEC. 21-43-7. Resolution of intention.
A parking and business improvement area may be established whenever the governing authority of any municipality shall by resolution establish such an area. The resolution shall contain the following information:
(a) description of the boundaries of the proposed area;
(b) the time and place of a hearing to be held to consider establishment of an area;
(c) the proposed uses to which the additional revenue shall be put; and
(d) the initial rate of increase, or additional levy, of the license privilege tax, with a breakdown by class of business if such classification is to be used.
SOURCES: Laws, 1974, ch. 520, Sec. 4(1), eff from and after July 1, 1974.