The Council shall not adopt a resolution of consideration to reduce the rate of any special tax or terminate the levy of any special tax if the proceeds of that tax are being utilized to retire any Debt incurred pursuant to this Chapter unless the Council determines that the reduction or termination of that tax would not interfere with the timely retirement of that Debt. Otherwise, the Council may adopt a resolution of consideration when the Council determines that the public convenience and necessity require any change in the types of authorized facilities or services which should be financed by an established Community Taxing District, that the rate or method of apportionment of a special tax should be changed, or that a new special tax should be proposed, the Council may adopt a resolution of consideration to alter the types of facilities or services to be financed by the District, to levy a new special tax or special taxes, or, to alter the rate or method of apportionment of the special tax.
SECTION HISTORY
Added by Ord. No. 177,051, Eff. 11-20-05.