BIL 280 Draft 01 2002-2004 - Laserfiche WebLink

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(H) Costs of issuance related to the issuance of bonds issued to finance the costs of supplemental improvements, including, but not limited to, payment of legal fees and expenses (including bond counsel), trustee fees and expenses, bond insurance premium, letter of credit, or other credit enhancement fees and expenses. (8) "Costs of supplemental services and improvements" means the following: (A) Cost of obtaining the supplemental services and improvements other than costs of supplemental improvements financed from the proceeds of bonds; (B) Payment of any water, sewer, or other utility connection fee necessary for supplemental services and improvements; (C) Payment of fees and expenses for planning, architectural, engineering, inspection, legal, financial, or other consultants for supplemental services and improvements; and (D) Reimbursement of an advance of funds for the costs of obtaining supplemental services and improvements. (9) "District" means the same as business improvement district. (10) "District association" means an association established pursuant to section -18. (11) "District board" means the board of directors of a district association. (12) "Financing supplemental services and improvements by a district" or "financing supplemental services and improvements" means paying for the costs of supplemental services and improvements through the special assessment levied within a district or paying the costs of supplemental improvements from the proceeds of bonds. (13) "Incidental expenses of a district" means the following: (A) Administrative expense of the county associated with the proceedings undertaken pursuant to this chapter or collection of special assessments; (B) Management and administrative costs incurred by the district association; and (C) Any other expense incidental to the creation or operation of a district. (14) "Land" or "parcel of land" means the real property identified by a tax map key parcel number within the district. For purposes of sections -13, -34 and -42, apartments of a condominium property regime shall be deemed to he one parcel of land. (15) "Landowner" or "owner of land" means the owner to whom the real property tax is assessed as shown on the real property tax assessment list, which may be the fee simple owner and/or the lessee of land, regardless of whether such owner is exempt from the payment of such tax. Each parcel of land shall be deemed to have one fee simple owner and one lessee of land, if any, even if owned by a corporation, partnership, joint tenancy, tenancy by the entirety, tenancy in common, or other group of persons. The real property tax assessed value of such parcel of land shall be counted once for purposes of determining the aggregate value of all land in a district or proposed district as provided in sections -13, 34, 42, even if there is a fee simple owner and a lessee of land for a parcel of land. (16) "Ordinance of annexation" means an ordinance that annexes additional land to a district. (17) "Ordinance of consideration" means an ordinance that changes the authorized supplemental services and improvements, the supplemental improvements to be financed, the rate or apportionment of a special assessment, or the boundaries of the district other than an annexation provided in Article 5, or that requires the levy of a new special assessment. (18) "Ordinance terminating the district" means an ordinance that terminates a district at the expiration of the then-occurring five-year term. (19) "Supplemental improvements" means any of the undertakings itemized in section 5(b). (20) "Supplemental services and improvement area" means an area within a district as set forth in section -1 I(a). 2