BIL 230 Draft 01 2020-2022 - Laserfiche WebLink

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6.8.2 Public Availability. The District Board shall make such financial records available to the general public during regular business hours upon reasonable notice to the District Board. 7 SOURCES OF FUNDING. Generally, the proposed sources of funding for all supplemental services, district improvements and incidental expenses of the District contemplated in this Plan, shall be the sources of funding described in this section. Subject to requirements of law, the District Board may apply all monies derived from any sources of funding permitted herein toward funding any expenditure permitted under this Plan. 7.1 ASSESSMENTS. 7.1.1 Annual Levy. Except when funds are otherwise available and except to the extent exempted by law or this District Plan, a special assessment sufficient to pay for the costs of the supplemental servicesand incidental expenses will be annually levied against each parcel of land in the District. Such assessments shall be called the "Assessments." 7.1.2 Rate and Method. The Assessment for each 'parcel of land in the District for the first fiscal year shall be based on a rate and method of apportionment of $500 per parcel. 7.1.3 Subsequent Years. The Assessments for subsequent fiscal years shall be made in accordance with the Section 35-21 of the Hawaii County Code. 7.1.4 Exemptions. The following parcels of land shall not be assessed under this District Plan: 7.1.4.1 Parcels of land owned by the United States, the State of Hawai'i and the County of Hawaii, provided, however,that property and leases of government property subject to real property taxation under Sections 19- 84, 19-85 and 19-86 of the Hawai'i County Code shall be assessed under this District Plan. 7.1.4.2 Parcels of land that are exempt from the payment of real property taxes under Section 19-77 of the Hawaii County Code because of use for charitable purposes, but only so long as such parcels are exempt from the payment of real property taxes. 7.1.4.3 Parcels of land that are exempt from the payment of real property taxes as set forth in Hawaii Revised Statutes Chapter 239, but only so long as such parcels are exempt from the payment of real property taxes. 7.1.5 Notice of Assessment. The County, through its Department of Finance, will notify landowners within the District of the Assessment in accordance with Section 35-25 of the Hawaii County Code. After the first fiscal year's notice of Downtown Hilo BID District Plan 7 Draft-9/14/2022