For purpose of financing of, or contributing to the financing of, specified facilities, the Council may by resolution designate a portion or portions of the District as one or more improvement areas. An area shall be known as “Improvement Area No. ____” of “Community Taxing District ____ of the City of Los Angeles.” After the designation of an improvement area, all proceedings for purposes of a bond election and for the purpose of levying special taxes for payment of the bonds shall apply only to the improvement area for those specified facilities.
SECTION HISTORY
Added by Ord. No. 177,051, Eff. 11-20-05.