§4600.6. Contents of management plan
The management plan shall include all of the following:
(1) A map that identifies the tourism recovery and improvement district boundaries in sufficient detail to allow a business owner to reasonably determine whether a business is located within the boundaries of the tourism recovery and improvement district.
(2) The name of the proposed tourism recovery and improvement district.
(3) A description of the boundaries of the tourism recovery and improvement district, including the boundaries of benefit zones, proposed for establishment or extension in a manner sufficient to identify the affected businesses included, which may be made by reference to any plan or map that is on file with the tourist commission. The boundaries of a tourism recovery and improvement district created pursuant to this Chapter may overlap the boundaries of any other tourism recovery and improvement district created pursuant to this Chapter and the boundaries of other assessment districts established pursuant to law.
(4) The estimated cost of improvements, maintenance, and activities or the estimated assessment rate charged, or both. If the improvements, maintenance, and activities proposed for each year of operation are the same, a description of the first year's proposed improvements, maintenance, and activities and a statement that the same improvements, maintenance, and activities are proposed for subsequent years shall satisfy the requirements of this Paragraph.
(5) The total annual amount proposed to be expended for improvements, maintenance, or activities, and debt service in each year of operation of the tourism recovery and improvement district. This amount may be estimated based upon the assessment rate. If the total annual amount proposed to be expended in each year of operation of the tourism recovery and improvement district is not significantly different, the amount proposed to be expended in the initial year and a statement that a similar amount applies to subsequent years shall satisfy the requirements of this Paragraph.
(6) The proposed source or sources of financing, including the proposed method and basis of levying the assessment in sufficient detail to allow each business owner to calculate the amount of the assessment to be levied against his business. If the assessment is levied on a percentage basis, the maximum assessment rate shall not exceed five percent. If the assessment is levied on a dollar amount basis, the total assessment rate shall not exceed five dollars.
(7) A statement as to whether bonds will be issued to finance improvements.
(8) The time and manner of collecting the assessments.
(9) The specific number of years in which assessments shall be levied. In a new tourism recovery and improvement district, the maximum number of years shall be five. Upon renewal, a tourism recovery and improvement district shall have a term not to exceed ten years. Notwithstanding these limitations, in order to finance capital improvements with bonds, a tourism recovery and improvement district may levy assessments until the maximum maturity of the bonds. The management plan may set forth specific increases in assessments for each year of operation of the tourism recovery and improvement district.
(10) The proposed time for implementation and completion of the management plan.
(11) Any proposed rules and regulations to be applicable to the tourism recovery and improvement district.
(12) A statement that the tourist commission shall provide the improvements, maintenance, and activities described in the management plan.
(13) Any other item or matter required to be incorporated therein by the tourist commission.
Acts 2021, No. 319, §1, eff. June 15, 2021.