AZ HB4064

Requires property owners to file a petition before a municipality can pass a resolution of intention to form a municipal improvement district, with petitions needing signatures from a majority of property owners and owners of 51% or more of the assessed valuation or acreage

Specifies that petitions must include the district name, necessity, legal description with map, general improvement description, maximum assessment amount, and assessor's parcel numbers for each lot

Prohibits the final assessment from exceeding the maximum assessment amount stated in the required petition

Allows owners of all real property in a proposed district to waive posting, publication, mailing, notice, and protest requirements through a written agreement with the municipality

Permits governing bodies to include adjacent territory in existing improvement districts or adopt certain resolutions without requiring a new petition to be filed