The Council may, by ordinance, dissolve any existing District that it has created upon making all of the following determinations:
A. That the District is not obligated to pay any outstanding Debt; and
B. That the District has no authorization to levy any special tax.
Upon dissolving a District, the Council shall cause an addendum to be recorded to the Notice of Special Tax Lien pursuant to California Streets and Highways Code Section 3114.5, which shall state that the Community Taxing District and all associated liens, if any, have been dissolved.
SECTION HISTORY
Added by Ord. No. 177,051, Eff. 11-20-05.