Loading...
Where surplus is not used for maintenance of the improvement and is ordered refunded and the assessment has been paid in cash in full, the portion of the surplus applicable thereto shall be returned in cash to the person paying it or to his assignee, upon his furnishing satisfactory evidence of such payment. The determination of the Treasurer as to the sufficiency of such proof and the person to whom such money shall be paid shall be final and conclusive. When bonds have been, or are provided to be issued under Bond Plan D, E, or F, the surplus shall be deposited in the bond interest and redemption fund. Any surpluses remaining unexpended for a period of four years after final completion of the project and payment of all costs and expenses thereof may be transferred to the general fund.
(Added by Ord. 225-81, App. 5/5/81)
When bonds are to be issued on a basis other than fixed lien assessments, the basis or formula for the annual levies shall be stated in the notice to property owners, and the provisions of Subdivision (c) of Section 10307 of the Streets and Highways Code shall not apply.
(Added by Ord. 225-81, App. 5/5/81)
SUBDIVISION 5
PARKING AND TRANSIT DISTRICTS
PARKING AND TRANSIT DISTRICTS
There is hereby vested in the Board the power to acquire, construct, reconstruct, install, extend, enlarge, repair, improve, maintain, and operate public automobile parking places within the City; to acquire, by purchase, lease or eminent domain the lands and public rights-of-way necessary or convenient therefor; to acquire and construct public improvements and equipment and facilities necessary or convenient therefor; to levy assessments and issue bonds to pay for the cost of the whole or any part thereof and the expenses incidental thereto; and to levy assessments to pay for the cost of maintenance, repair and remodeling of any parking place, parking lot, garage or structure. There is further vested in the Board the right to determine that public transit facilities shall be provided and operated and maintained in substitution, in whole or in part, for public parking places. In such event, the Board may determine to levy assessments to pay that portion of the costs of capital improvement, replacement, operation, maintenance and repair of such transit facilities or equipment provided in lieu of public parking and necessary for the full utilization of the land benefiting.
(Added by Ord. 225-81, App. 5/5/81)
The whole, or any portion, of said City may be formed into an improvement and/or maintenance district and assessments may be levied upon, and bonds may be issued against, the properties therein for the purpose of paying for the costs of acquiring, constructing, reconstructing, installing, extending, enlarging, repairing, improving, maintaining and operating parking places and transit facilities, and the expenses incidental thereto. Proceedings for the formation of such district or districts for the levying of such assessments and for the issuing of such bonds, if any, shall be as provided in Subarticles V and VI of this Procedure Code.
(Added by Ord. 225-81, App. 5/5/81)
If, in the judgment of the Board, varying benefits will be derived by the different parcels of real property lying within the assessment district, the district may be divided into zones according to benefits.
(a) The district may be divided into as many zones, up to the total number of parcels of land in the district, as may be deemed proper, and each zone shall be composed of and include all of the lands within the district which will be benefited in like measure.
(b) The Board shall also determine the apportionment of the sum to be raised each year by the levy and collection of the assessments in the district for the payments of the principal and interest of the bonds or for purposes of paying costs of capital replacement, maintenance and repair, which amount will be raised from the lands in each zone.
(c) When the district is divided into zones, the resolution of intention shall so state, giving the method of apportionment to be used to determine the amounts to be raised from lands in each zone.
(d) Each zone shall be designated by a different letter or number and shall be plainly shown on the map or plat of the assessment district filed in the office of the Clerk and referred to in the resolution of intention, either by separate boundaries, coloring or other convenient and graphic method, so that all persons interested may with accuracy ascertain within which zone any parcel of land is located.
(e) It shall be sufficient, in all cases where the assessment district is to be divided into zones according to benefits, if the resolution of intention states the fact and refers to the plat or map for the boundaries and all details concerning the zones.
(Added by Ord. 225-81, App. 5/5/81)
The City may, in furtherance of its parking and transit purposes, purchase, lease, obtain option upon, acquire by gift, grant, bequest, devise, eminent domain, or otherwise, and hold, sell, lease, exchange, transfer, assign or otherwise dispose of, any real or personal property within the City or any interest in, or improvement on, such property. All such property shall be acquired and held in the name of the City.
(Added by Ord. 225-81, App. 5/5/81)
Loading...