Bill > S1070

This bill establishes Community Benefit Districts (CBDs), which are contiguous geographic areas with defined boundaries that can provide supplemental services beyond what a municipality typically offers. A CBD is managed by an independent non-profit entity, governed by a Board of Directors composed of property owners and other local stakeholders, and operates based on a Management Plan approved by the local municipal governing body. This plan outlines the district's vision, services, budget, and fee structure, and must be updated regularly. The creation of a CBD is initiated by a petition from property owners, requiring signatures from those who will pay a significant portion of the proposed assessments, and includes a detailed description of the district, its management entity, and criteria for fee waivers. After a public hearing and verification of establishment criteria, the local governing body can declare the district organized, with participation being permanent until dissolution. The bill also details the powers of a CBD, which include promoting economic development, managing parking, acquiring property, and supplementing services like maintenance and security. Fees are collected by the municipality and disbursed to the management entity, with unpaid fees potentially becoming a lien on the property. The bill also outlines procedures for amending district boundaries and for dissolving a CBD, ensuring all outstanding obligations are met before dissolution.