Definitions for Special Improvement Districts

For the purposes of this chapter, the following definitions apply unless the context clearly indicates or requires a different meaning. Assessed Value of Real Property. The gross value of a parcel of land, as defined below, as assessed by the real property tax office of the city, including the assessed value of any improvements thereon. Bonds. Special improvement district bonds (including refunding bonds) issued pursuant to this chapter. Bond Ordinance. An ordinance of the council which authorizes bonds. City Clerk. The city clerk of the city. Costs of Supplemental Improvements. Includes the following: (1) Cost of acquiring, constructing, installing, improving, or rehabilitating supplemental improvements; (2) Cost of acquiring land or right-of-way for supplemental improvements; (3) Payment of any water, sewer, or other utility connection fee necessary for supplemental improvements; (4) Payment of fees and expenses for planning, architectural, engineering, inspection, legal, financial, or other consultants for supplemental improvements; (5) Reimbursement of an advance of funds for acquiring, constructing, installing, improving, or rehabilitating supplemental improvements; (6) Contribution to a reserve fund for the payment of debt service on bonds issued to finance the costs of supplemental improvements; (7) Not more than two years of interest on bonds issued to finance the costs of supplemental improvements; or (8) 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. Costs of Supplemental Services and Improvements. Includes the following: (1) Cost of obtaining the supplemental services and improvements other than costs of supplemental improvements financed from the proceeds of bonds; (2) Payment of any water, sewer, or other utility connection fee necessary for supplemental services and improvements; (3) Payment of fees and expenses for planning, architectural, engineering, inspection, legal, financial, or other consultants for supplemental services and improvements; and (4) Reimbursement of an advance of funds for the costs of obtaining supplemental services and improvements. District. Has the same meaning as special improvement district. District Association. An association established pursuant to § 28-2.9 . District Board. The board of directors of a district association. Financing Supplemental Services and Improvements by a District or Financing Supplemental Services and Improvements. 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. Incidental Expenses of a District. Includes the following: (1) Administrative expenses of the city associated with the proceedings undertaken pursuant to this chapter or collection of special assessments; (2) Management and administrative costs incurred by the district association; and (3) Any other expense incidental to the creation or operation of a district. Land or Parcel of Land. The real property identified by a tax map key parcel number within the district. For purposes of §§ 28-2.4 , 28-4.7 , and 28-5.6 , apartments of a condominium property regime shall be one parcel of land. Landowner or Owner of Land. 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 or the lessee of land, or both, 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 §§ 28-2.4 , 28-4.7 , and 28-5.6 , even if there is a fee simple owner and a lessee of land for a parcel of land. Ordinance of Annexation. An ordinance which annexes additional land to a district. Ordinance of Consideration. An ordinance which 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 which requires the levy of a new special assessment. Ordinance Terminating the District. An ordinance which terminates a district at the expiration of the then- occurring five-year term. Special Improvement District or District. A district of land established by the city pursuant to this chapter for providing and financing supplemental services and improvements. Supplemental Improvements. Any of the undertakings itemized in § 28-1.5 (b). Supplemental Services and Improvement Area. An area within a district as set forth in § 28-2.2 (a). Supplemental Services and Improvements. A supplemental service or improvement, or both, referred to in § 28-1.5 .