NS-2033 - Laserfiche WebLink

Home Browse Search

For example, a community fa<~,,~i~s district may finance facilities, including, but not limited to, the following: (a) Local park, recreation, parkway, and open-space facilities. (b) Elementary and secondary school sites and structures. (c) Libraries. (d) The district may also finance the construction or undergrounding of natural gas pipeline facilities, telephone lines, facilities for the transmission or distribution of electrical energy, and cable television lines. The district may enter into an agreement with a public utility to utilize those facilities to provide a particular service and for the conveyance of those facilities to the public utility. Any reimbursement by the public utility made to the district shall be utilized to reduce or minimize the special tax levied within the district or improvement area, or to construct or acqmre additional facilities within the district or improvement area. as specified in the resolution of formation. (e) The district may also pay in full all amounts necessary to eliminate any fixed special assessment lines or to repay or defease any indebtedness secured by any tax, fee. charge, or assessment levied within the area of a community facilities district or may pay debt service on that indebtedness. (f) Improvements to or the rehabilitation of real property related to fuce suppression and/or asbestos removal. (g) Any other facilities, public or private, which the City is authorized by law to contribute revenue to, or construct, own or operate. Section 20-7. School facilities financed by a community facilities district; cost sharing by State Allocation Board; ownership transferred to state; savings. (a) All or any part of the cost of any school facilities financed by a community facilities district may be shared by the State Allocation Board pursuant to Section 17718.5 of the California Education Code. (b) If the State Allocation Board shares in any part of the cost of the school facilities, the ownership of those facilities and the real property upon which the facilities are located shall be transferred to the State of California. A copy of the deed by which the title is transferred shall be recorded in the office of the county recorded of the county in which the property is located. In addition, the community facilities district shall take one or more of the following actions: (1) Reduce the amount of bonds authorized to be issued by the community facilities district. (2) Reduce the amount of any special tax which is levied within the community facilities district. -4-