A Community Taxing District may also finance the purchase, construction, expansion, improvement or rehabilitation of any real or other tangible property with an estimated useful life of three years or longer, whether the real or tangible property is publicly or privately held, or may finance planning and design work directly related to the purchase, construction, expansion or rehabilitation of any real or tangible property, whether real or tangible property is publicly or privately held. The facilities need not be physically located within the District. A District may finance the purchase of facilities whose construction has been completed before or after the adoption of the ordinance of formation if the facility is inspected by the City and found to be in compliance with applicable building codes and standards. A Community Taxing District may finance facilities, including, but not limited to, the following:
A. Local park, recreation, parkway and open-space facilities;
B. Public parking facilities, including parking structures and surface parking lots;
C. Libraries, community centers, recreational facilities and child-care facilities;
D. 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 acquire additional facilities within the District or improvement area, as specified in the ordinance of formation;
E. The purchase, construction, expansion, improvement, equipping, and/or rehabilitation of any structure, or any portion of any structure, whether publicly or privately owned, which is occupied or intended or designed for occupancy by transients for dwelling, lodging or sleeping purposes, and includes any hotel, inn, tourist home or house, motel, studio, bachelor hotel, lodging house, rooming house, apartment house, dormitory, public or private club, or other similar structure or portion of the structure, which shall further include any trailer court, camp, park or lot where trailer spaces, or combinations of such spaces and trailers, including mobile homes, are occupied or intended or designed for occupancy by transients for dwelling, lodging or sleeping purposes;
F. Pay in full all amounts necessary to eliminate any fixed special assessment liens or to repay or decease any indebtedness secured by any tax, fee, charge or assessment levied within the area of a Community Taxing District or may pay debt service on that indebtedness;
G. Improvements to or rehabilitation of real property related to fire suppression and/or asbestos removal;
H. Any other facilities, public or private, which the City is authorized by law to contribute revenue to, or construct, own or operate.
SECTION HISTORY
Added by Ord. No. 177,051, Eff. 11-20-05.