Special Assessment District (SAD) General Information
There are two methods to begin the process of a special assessment district (SAD) which are the “Provisional Order Method” and the “Petition Method”.
The city is reimbursed for the cost of the SAD improvements by the property owners directly benefiting from the improvements. The city will purchase bonds to pay for SAD improvements. Assessment payments made by property owners to the city will be used to pay for the bonds and associated issuance costs.
The city conducts SADs in accordance with state law, Chapter 3, Article 33 NMSA, 1978 Improvement Districts.
SAD Steps
The City Council must pass 5 resolutions in order for a SAD to start and ultimately for construction work to begin.
Answers to Frequently Asked Questions (FAQs)
Links
SAD 7A
SAD 8
SAD 9
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