11-9-5. Governing body resolution creating district--Boundaries--Name. The governing body shall adopt a resolution that:
(1) Describes the boundaries, which may be the same as those recommended by the planning commission, of a district with sufficient definiteness to identify with ordinary and reasonable certainty the territory included. The boundaries may not split a whole unit of property that is being used for a single purpose;
(2) Creates the district on a given date;
(3) Assigns a name to the district for identification purposes. The first district created in each municipality shall be known as "Tax Increment Financing District Number One, City (or Town, or County) of __________." Each subsequently created district shall be assigned the next consecutive number.Source: SL 1978, ch 91, § 7 (3); SL 2018, ch 70, § 11.
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