2005 Idaho Code - 50-2603 — INITIATION PETITION -- CONTENTS

                                  TITLE  50
                            MUNICIPAL CORPORATIONS
                                  CHAPTER 26
                        BUSINESS IMPROVEMENT DISTRICTS
    50-2603.  INITIATION PETITION -- CONTENTS. For the purpose of establishing
a business improvement district, an initiation petition may be presented to
the legislative authority having jurisdiction of the area in which the
proposed business improvement district is to be located. The initiation
petition shall contain the following:
    (1)  A description of the boundaries of the proposed district;
    (2)  The proposed uses and projects to which the proposed special
assessment revenues shall be put and the total estimated cost thereof; and
    (3)  The estimated rate of levy of special assessment with a proposed
breakdown by class of business if such classification is to be used.
    The initiating petition shall also contain the signatures of the persons
who operate businesses or own business property in the proposed district which
would pay fifty percent (50%) of the proposed special assessments.