17C-2-505 - Additional requirements for notice of a budget hearing.
17C-2-505. Additional requirements for notice of a budget hearing.
Each notice under Section 17C-2-502 of a budget hearing shall contain:
(1) the following statement:
"The (name of agency) has requested $________ in property tax revenues that will begenerated by development within the (name of project area) to fund a portion of project costswithin the (name of project area). These property tax revenues will be used for the following:(list major budget categories and amounts). These property taxes will be taxes levied by thefollowing governmental entities, and, assuming current tax rates, the taxes paid to the agency forthis project area from each taxing entity will be as follows: (list each taxing entity levying taxesand the amount of total taxes that would be paid from each taxing entity). All of the propertytaxes to be paid to the agency for the development in the project area are taxes that will begenerated only if the project area is developed.
All concerned citizens are invited to attend the project area budget hearing scheduled for(date, time, and place of hearing). A copy of the (name of project area) project area budget isavailable at the offices of (name of agency and office address)."; and
(2) other information that the agency considers appropriate.
Renumbered and Amended by Chapter 359, 2006 General Session