A. A business improvement district may be created for a specific term not to exceed ten years. Districts with a specified term may be extended beyond the end of the specified term by the property owners who would bear more than 50 percent of the estimated special property taxes for the district.

B. Business improvement districts may be dissolved with the concurrence of the property owners who would bear more than 50 percent of the estimated special property taxes for the district. (Ord. 05-041 § 3, 2005)