(a) Upon submission to the clerk of a municipality of a written petition, the municipality may initiate proceedings to form a tourism improvement district by adopting a resolution expressing its intention to form a tourism improvement district. The written petition may be signed by either: (1) Business owners or their authorized representatives who will pay sixty percent (60%) or more of the assessments proposed to be levied; or (2) Business owners or their authorized representatives who constitute sixty percent (60%) or more of the total rooms within the tourism improvement district. (b) The petition of business owners required under subsection (a) of this section shall include a summary of the tourism improvement district plan. That summary shall include all of the following: (1) A map showing the boundaries of the tourism improvement district. (2) The types or classes of businesses that will be subject to the assessment. (3) The assessment rate for the types or classes of business that will be subject to the assessment. (4) Information specifying where the complete tourism improvement district plan can be obtained. (5) Information specifying that the complete tourism improvement district plan shall be furnished upon request.
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