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91-024
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Last modified
1/3/2012 12:31:39 PM
Creation date
6/26/2003 10:46:58 AM
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City Clerk
Doc Type
Resolution
Doc #
91-24
Date
3/4/1991
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5. Except to the extent that funds are otherwise available to the District to <br />pay for the Facilities, the Services and/or the principal and interest as it becomes <br />due on bonds of the District issued to finance the Facilities, a special tax sufficient <br />to pay the costs thereof, secured by recordation of a continuing lien against ail non- <br />exempt real property in the District, is intended to be levied annually within the <br />District, and collected in the ssme manner as ordinary ad valorem property taxes. <br />The proposed rate and method of apportionment of the special tax among the <br />parcels of real property within the District, in sufficient detail to allow each <br />landowner within the proposed District to estimate the maximum amount such <br />owner will have to pay, are described in Exhibit B attached hereto, which exhibit is <br />by this reference incorporated herein. <br /> <br /> 6. It is the intention of this City Council acting as the legislative body for the <br />District to cause bonds of the City to be issued for the District pursuant to the Act to <br />finance in whole or in part the Facilities. Said bonds shall be .in the aggregate <br />principal amount of not to exceed $50,000,000, shall bear interest payable semi- <br />annually or in such other manner as this City Council shall determine, at a rate <br />not to exceed the maximum rate of interest as may be authorized by applicable law <br />at the time of sale of such bonds, and shall mature not to exceed 40 years from the <br />date of the issuance thereof. <br /> <br /> 7. The levy of said proposed special tax shall be subject to the approval of the <br />qualified electors of the District at a special election. The proposed voting <br />procedure shall be by mailed ballot among the landowners in said proposed <br />District, with each owner having one vote for each acre or portion of an acre such <br />owner owns in the District. <br /> <br /> 8. Except as may otherwise be provided by law or by the rate and method of <br />apportionment of the special taxes set forth in Exhibit B, ail lands owned by any <br />public entity, including the United States, the State of California and/or the City, or <br />any departments or political subdivisions thereof, shall be omitted from the levy of <br />the special tax to be made to cover the costs and expenses of the Facilities. In the <br />event that a portion of the property within the District shall become for any reason <br />exempt, wholly or in part, from the levy of the special tax described in Exhibit B, <br />this City Council will, on behalf of the District, increase the levy to the extent <br />necessary upon the remaining property within the District which is not exempt in <br />order to yield the required debt service payments and other annual expenses of the <br />District, if any, subject to any maxim,,m special tax that may be levied. <br /> <br /> 9. The Fire Chief of the City is hereby directed to make, or cause to be made, <br />and file with the City Clerk a report in writing, presenting the following: <br /> <br />(a) A brief description of the Facilities and Services by type. <br /> <br /> (b)~ An estimate of the cost of providing the Facilities and the <br />Services, including the costs of the proposed bond £mancing and ail other <br />related administrative costs as provided in Section 20-22 of the Act. <br /> <br /> Said report shall be made a part of the record of the public hearing provided <br />for below. <br /> <br /> 10. Monday, April 1, 1991, at7:30 p.m., in the regular meeting place of this <br />City Council, in the City Council Chambers at 20 Civic Center Plaza, Santa Aha, <br />California, be, and the same are hereby appointed and fixed as the time and place <br /> <br />C-2 <br /> <br /> <br />
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