§ 2-202 Petition for incorporation. 1. A proceeding for the\nincorporation of such territory as a village shall commence with a\npetition. The requirements for such petition are as follows:\n a. Petitioners. Signatures from at least twenty percent of the\nresidents of such territory qualified to vote for town officers in a\ntown in which all or part of such territory is located shall be required\nin order to commence a proceeding for the incorporation of such\nterritory as a village.\n b. Contents of petition. The petition shall contain the following\ninformation:\n (1) An allegation of the basis on which the petition is signed.\n (2) The name of the proposed village.\n (3) An allegation that such territory contains a population of at\nleast one thousand five hundred regular inhabitants.\n (4) The manner in which the area requirements of section 2-200 of this\narticle are satisfied.\n (5) A designation of at least one but no more than three persons,\ngiving full names and addresses, on whom and at which addresses all\npapers required to be served in connection with the proceeding for\nincorporation, shall be served. A majority of such designees must reside\nin such territory.\n (6) Each page of the petition and all exhibits and certifications\nshall be securely fastened together.\n c. Exhibits and certifications. Each copy of the petition shall have\nattached thereto prior to the signature pages:\n (1) A description of such territory sufficient to identify the\nlocation and extent of such territory with common certainty and which\nshall be in one of the following forms or a combination thereof: (a) a\nmetes and bounds description; (b) a description made with reference to\nexisting streets and navigable waters or a combination of same; or (c) a\nmap showing existing streets and navigable waters or a combination of\nsame forming boundaries or metes and bounds or the entire boundaries of\none or more districts of an entire town.\n (2) A list of the names and address of the regular inhabitants of such\nterritory.\n (3) Study of proposed village and surrounding town or towns. A study\nthat addresses the fiscal, service, and taxation interests of the\npopulation which would constitute the residents of such territory to be\nincorporated as a village, as indicated in clause (a) of this\nsubparagraph, and that provides for an impact assessment that shall\nevaluate the fiscal and operational effects of incorporation of the\nproposed village on the surrounding town or towns wherein the village\nwould be incorporated, as indicated in clause (b) of this subparagraph.\nThe study shall include a certification that it sets forth all the\nelements required by this section.\n (a) Fiscal, service, and taxation assessment of proposed village. An\nassessment of the fiscal, service, and taxation interests of the\npopulation which would constitute the residents of such territory to be\nincorporated as a village, must include the following elements of the\nproposed village:\n (i) Inventory. List the number of parcels by property classification.\nFor each such property, list the full valuation and taxable assessed\nvalue as appearing on the most recent applicable final assessment roll.\n (ii) Taxes. Provide a fiscal estimate of all taxes that could be\ncollected for the structures and places listed on the inventory this\nclause requires to be developed. The town or towns' current property tax\nrate and assessment should be used in developing the fiscal estimate.\n (iii) Revenue. Other than taxes, list all other sources of revenue\nexpected to be generated for the area of the proposed village.\n (iv) Operations. Provide an estimate of what it would cost to operate\nthe proposed village listing expenditures required in connection with\nthe appointment or hiring of personnel to provide the services\nidentified pursuant to item (v) of this clause, the holding of meetings\nof the board of trustees, and designating an official newspaper.\n
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