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The report shall be fully heard, and may be altered, amended or supplemented by the Board. When all objections have been heard and action taken with reference thereto, by their having been overruled or otherwise, such report as presented or as modified shall be confirmed by resolution of the Board. Such levy shall become and remain a lien on the property described therein from the date it is confirmed until paid.
(Added by Ord. 225-81, App. 5/5/81)
The Tax Collector shall extend the amounts thereof on the next tax rolls on which taxes are collected; and it shall be collected in the same manner, and be subject to the same penalties, costs and interest, and may be redeemed, and the property sold for nonpayment thereof, and title shall pass to the purchaser, as provided for taxes, except that the period of redemption shall be one year instead of five.
(Added by Ord. 225-81, App. 5/5/81)
The City may advance funds for the acquisition, construction or improving of such parking places or transit facilities, or for the maintenance and operation thereof, and reimburse itself from the proceeds of any assessment subsequently levied for that purpose. It may also make contributions thereto from available funds.
(Added by Ord. 225-81, App. 5/5/81)
The Board may, at any time, make such pledge or pledges, as it shall determine, for the payment of the principal and interest of the bonds, or for the maintenance and operation of the facilities constructed, acquired or to be constructed or acquired therewith or with other funds, or for adequate reserves, from the income and revenue of on and off-street parking or transit facilities.
(Added by Ord. 225-81, App. 5/5/81)
The Board may provide all proper and usual covenants for the proper security and payment of the principal and interest of the bonds, including a covenant to establish a special security fund, or to foreclose, in the manner provided by Division 10 (commencing with Section 8500) of the Streets and Highways Code.
(Added by Ord. 225-81, App. 5/5/81)
The boundaries of such district may be enlarged from time to time. The territory to be annexed shall be set forth in a resolution of intention to be adopted by the Board, which shall give notice that said matter, and all persons interested, will be heard by the Board at a time to be stated therein, at the regular meeting place of the Board.
(Added by Ord. 225-81, App. 5/5/81)
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