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November 20, 2024 Clear | 42°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title VII CITIES, TOWNS AND DISTRICTS
  4. Chapter 40O BUSINESS IMPROVEMENT DISTRICTS
  5. Section 3 Initiation of organization; contents of petition

Section 3

Section 3: Initiation of organization; contents of petition

  Section 3. The organization of a BID shall be initiated by a petition of the property owners within the proposed BID which shall be filed in the office of the clerk of the municipality.

  Such petition shall contain:

  (1) the signatures of the owners of at least fifty-one percent of the assessed valuation of all real property within the proposed BID and sixty percent of the real property owners within the proposed BID;

  (2) a description of and a site map delineating the boundaries of the proposed BID;

  (3) the proposed improvement plan which shall set forth the supplemental services and programs, revitalization strategy, update mechanism, and budget and fee structures;

  (4) the identity and location of the management entity designated to implement and oversee the ongoing improvement plan; and

  (5) the criteria for waiving the fee for any property owner within the BID who can provide evidence that the imposition of such fee would create a significant financial hardship.

  Such petition may include a mechanism for reimbursing the municipality for the costs incurred in establishing the BID, and for costs incurred in collecting the district fees.

[ Fourth paragraph effective until May 30, 2023. For text effective May 30, 2023, see below.]

  A copy of said petition shall be filed with the director of housing and community development within thirty days of receipt of such petition by the clerk of the municipality.

[ Fourth paragraph as amended by 2023, 7, Sec. 184 effective May 30, 2023. See 2023, 7, Sec. 298. For text effective until May 30, 2023, see above.]

  A copy of said petition shall be filed with the secretary of economic development within thirty days of receipt of such petition by the clerk of the municipality.