LD 274
pg. 16
Page 15 of 46 PUBLIC Law Chapter 510 Page 17 of 46
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period of ____ years, for the purpose of (description of
improvements), with the total assessment to all property
owners within the capital improvement district not to exceed
$___________, plus a contingency of no more than 25% of that
assessment, all of which are subject to the property tax
collection and lien procedures established by state law, and
with said authorization contingent on the voters of the
municipality of _________ accepting the public costs for the
capital improvement district improvements before any work is
done, specifically described as (description of public
elements)?"

 
The voters shall indicate by a cross or check mark placed
against the word "Yes" or "No" their opinion of the same.

 
The municipal officers may proceed with conducting the municipal
referendum in accordance with subsection 5 only if 2/3 of those
casting ballots pursuant to this subsection vote to approve
creating the capital improvement district.

 
5.__Referendum of municipal voters.__The referendum of the
municipal voters may not be called and conducted for the purposes
of this chapter unless the referendum held pursuant to subsection
4 resulted in a 2/3 majority vote supporting the ballot question.__
If the referendum held pursuant to subsection 4 received a 2/3
majority vote, the municipal officers shall call and conduct a
referendum for the voters of the municipality to determine if the
public elements of the proposed capital improvement district
authorized pursuant to subsection 4 are authorized by the voters
of the municipality.

 
A.__The method of calling and voting on the referendum
question is as provided in section 2528 except as otherwise
provided in this subsection.

 
B.__The referendum of the municipal voters must be scheduled
to occur within 45 to 90 days after the date of the
referendum held pursuant to subsection 4.

 
C.__The referendum to be voted on must be worded substantially as
follows: "Are you in favor of establishing a capital improvement
district described on the reverse side of this ballot or in the
attachment to this ballot and authorizing a special assessment
against the several properties in the capital improvement
district, with the special assessment running for a period of
____ years, for the purpose of (describe improvements), with the
total assessment to all owners of property within the capital
improvement district not to exceed $___________, plus a
contingency of no more than 25% of that assessment, all of


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