This bill mandates that property owners receive notification before a tax increment financing district is established. Specifically, it requires the governing body to provide written notice to each property owner within the district's boundaries at least ten days prior to the adoption of a resolution to establish the district.

The notice must inform property owners that their property is included in the proposed district and specify the date on which the district will be established. This new requirement aims to ensure that property owners are adequately informed and can participate in the decision-making process regarding the establishment of tax increment financing districts.