11-42b-110. Dissolution of assessment area -- Procedure -- Disposition of revenues -- Notice requirements.
(1) The legislative body may dissolve an assessment area before the assessment area expires as provided in this section.
(2) The legislative body may not dissolve an assessment area under Subsectionunless: (1) the legislative body determines there has been a misappropriation of funds, malfeasance, or a violation of law in connection with the management of the assessment area; or a petition to dissolve the assessment area: is signed by a qualified number of owners; and is submitted to the legislative body within the period described in Subsection; (3) subject to Subsection, the legislative body gives notice of the proposed dissolution; (4) the legislative body holds a public meeting; and at the public meeting described in Subsection, the legislative body adopts an ordinance or resolution dissolving the assessment area. (2)(c)
(3) The owners of benefitted properties may submit to the legislative body a petition described in Subsection: (2)(a)(ii) within a 30-day period that begins after the day on which the assessment area is designated by ordinance or resolution under Section; or 11-42b-107 within the same 30-day period during each subsequent year in which the assessment area exists.
(4) The notice described in Subsectionshall: (2)(b) state: the reasons for the proposed dissolution; and the date, time, and place of the public meeting described in Subsection; and (2)(c) be published for the assessment area, as a class B notice under Section, for at least 20 days, but not more than 35 days, before the day of the public meeting described in Subsection. 63G-30-102 (2)(c)
(5) Upon the dissolution of an assessment area, the third party administrator shall return to the owner of each benefitted property any remaining revenues attributable to the benefitted property.