SB 1200 - Resilience District Act of 2023

• Creates a new "Resilience District Act of 2023" establishing two types of citizen-initiated special districts: infrastructure resilience districts and condominium resilience districts to address flooding, sea level rise, and infrastructure problems.

• Requires infrastructure resilience districts to be established through petition by taxpayers with at least 70% landowner consent (or 100% control by deed); requires public hearings within 90 days and allows local governments to deny petitions based on specific factors including feasibility and comprehensive plan consistency.

• Authorizes condominium resilience districts for condos to fund reserves and structural improvements, requiring 70% unit owner consent and a public hearing only if 10% of unit owners request one; counties must develop petition processes by December 15, 2023.

• Limits district uses to flood mitigation, septic-to-sewer conversion, nonresilient housing redevelopment (with affordable housing and relocation protections), infrastructure improvements, and debt service; requires districts to be compact, terminate after debt is paid, and disclose assessments to property purchasers.

• Establishes board composition with majority property owners (for infrastructure districts) or existing condo boards (for condominium districts); prohibits board member compensation and restricts project management fees to 5-10% of construction costs with property appraiser receiving up to 2% administrative fees.