Chapter 33 Tax Increment Districts

Home

TAX INCREMENT DISTRICTS § 33-7 (c) The assessment base of the property proposed to be included in the district shall not cause the total assessed valuation of all property included in tax increment districts, determined at the time the districts were created as supplemented by the assessed valuation of property subsequently included in a district at such time of inclusion, to exceed ten percent of the total assessed value of all taxable real property in the County. (d) The project area is also designated as an improvement district or community facilities district pursuant to the Hawaii County Code. (1994, ord 94-76, sec 3.) Section 33-8. Limitation on time to sue. No action or proceeding to review any acts or proceedings or to question the validity or enjoin the performance of any act, the issue or payment of any bonds, or the allocation of any tax increment authorized by this chapter, whether based upon irregularities or jurisdictional defects, or otherwise, shall be maintained unless begun within thirty days after performance of the act or the passage of the resolution or ordinance complained of. (1994, ord 94-76, sec 3.) Article 2. Procedure. Section 33-9. Initiation by council; study of proposed project. (a) The council shall, by resolution requiring not more than one reading for its adoption: (1) Determine the boundaries of a proposed district. (2) Direct the director of finance to investigate and report to the council within sixty calendar days: (A) The total assessed value of: (i) All taxable real property in the County, and (ii) The assessment base of the proposed district; (B) The total assessed values of all taxable real property in the proposed district compared to the total assessed values of all taxable real property in the County over the two years immediately preceding the current year; (3) Direct the director of public works to investigate and report to the council within sixty calendar days: (A) Preliminary data concerning the current status of improvements within the proposed district, including: (i) Any revisions recommended to the proposed boundaries of the district; (ii) The present extent of public and private infrastructure located within the boundaries of the proposed district; (iii) The infrastructure needs within the proposed district, listed in order of their priority. 33-7