Must a county approve a municipality’s project development financing plan?
Yes. A municipality must send notice of a proposed project development financing plan to the board of county commissioners of the county or counties in which the project development district will be located before adopting the plan. The board(s) of county commissioners has 28 days from the date the notice is mailed to disapprove the plan. If the board(s) disapproves the plan the municipality may not proceed. If the board(s) does not disapprove the plan, the municipality may proceed to adopt the project development financing plan if the other statutory requirements are met.
Related Questions
- May a county or municipality adjust the base valuation of a project development financing district once it is certified by the county tax assessor?
- What are the requirements for establishing a project development financing plan?
- Once adopted, may a governing board modify a project development financing plan?
