§ 40.4. Neighborhood Improvement Districts Authorized; Limitations.

(1)

Pursuant to section 163.504(1), Florida Statutes, Council hereby authorizes the formation of neighborhood improvement districts through the following method:

(a)

Local government neighborhood improvement districts may be created pursuant to section 163.506, Florida Statutes.

(2)

In addition to the requirements of the Safe Neighborhoods Act, the Uniform Special District Accountability Act of 1989, and other general, special, and local laws, neighborhood improvements districts may be created only in accordance with the requirements of this article.

(3)

As dependent special districts, neighborhood improvement districts may require significant administrative and professional support from the City. The purpose of this part is to limit the number of neighborhood improvement districts within the City of Orlando. Districts may be created pursuant to this article only if one of the following three sets of standards is satisfied:

(a)

Option #1:

(i)

Revenue generated each year by the levy of a single mill on taxable real property within the proposed district would equal or exceed $200,000.00.

(ii)

The proposed district would contain at least 50 parcels of real property.

(iii)

The proposed district would contain at least 100 acres of real property.

(iv)

More than 75 percent of the land area within the proposed district, excluding land used for public facilities, is used for nonresidential purposes.

(b)

Option #2 - The exploratory committee created pursuant to section 40.5 of this Code considers, and the Council finds:

(i)

The district would be financially feasible with respect to its operations and goals based on future revenues.

(ii)

The district would be of appropriate size to support and justify the creation and maintenance of such district.

(iii)

The district's land composition would be appropriate and consistent with the goals of such district.

(c)

Option #3:

(i)

The district is coterminous with a Council-approved Orlando Main Street area. If a district ceases to be an Orlando Main Street area or if the Orlando Main Street area ceases to be coterminous with the district, then the neighborhood improvement district shall be dissolved unless it meets one of the other two options of this part.

(Ord. No. 2011-3, § 1, 3-28-2011, Doc. #1103281101)