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ATTY/RESO.3016/CC FIG TREE PACE PROGRAM <br />REV: 9-12-14 PT <br />Page 9 of 15 <br /> <br />Section 8. Report. The Board hereby directs the Program Administrator to prepare the <br />Report and file said Report with the Board at or before the time of the public hearing described in <br />Section 6 hereof containing all of the following: <br /> <br />a) A map showing the boundaries of the territory within which contractual assessments <br />are proposed to be offered, as set forth in Section 4 hereof. <br />b) A draft contractual assessment contract (the “Contract”) specifying the terms and <br />conditions of the agreement between CEDA and a property owner within the City. <br />c) A statement of CEDA’s policies concerning contractual assessments including all of <br />the following: <br />(1) Identification of types of Authorized Improvements that may be financed <br />through the use of contractual assessments. <br />(2) Identification of the CEDA official authorized to enter into contractual <br />assessments on behalf of CEDA. <br />(3) A maximum aggregate dollar amount of contractual assessments. <br />(4) A method for setting requests from property owners for financing through <br />contractual assessments in priority order in the event that requests appear <br />likely to exceed the authorization amount. <br />d) A plan for raising a capital amount required to pay for work performed in connection <br />with contractual assessments. The plan may include the sale of a bond or bonds or <br />other financing relationship pursuant to Section 5898.28 of Chapter 29. The plan (i) <br />shall include a statement of, or method for determining, the interest rate and time <br />period during which contracting property owners would pay any assessment, (ii) <br />shall provide for any reserve fund or funds, and (iii) shall provide for the <br />apportionment of all or any portion of the costs incidental to financing, <br />administration and collection of the contractual assessment program among the <br />consenting property owners and CEDA. <br />e) A report on the results of the discussions with the County Auditor-Controller <br />described in Section 10 hereof, concerning the additional fees, if any, that will be <br />charged to CEDA for inclusion of the proposed contractual assessments on the <br />general propert y tax roll of the County, and a plan for financing the payment of those <br />fees. <br /> <br />Section 9. Nature of Assessments. Assessments levied pursuant to Chapter 29, and the <br />interest and any penalties thereon, will constitute a lien against the lots and parcels of land on which <br />they are made, until they are paid. Unless otherwise directed by CEDA, the assessments shall be <br />collected in the same manner and at the same time as the general taxes of the County on real <br />property are payable, and subject to the same penalties and remedies and lien priorities in the event <br />of delinquency and default. <br /> <br />Section 10. Consultations with County Auditor-Controller. CEDA hereby directs the <br />Program Administrator to enter into discussions with the County Auditor-Controller in order to <br />reach agreement on what additional fees, if any, will be charged to CEDA for incorporating the <br />proposed contractual assessments into the assessments of the general taxes of the County on real <br />property. <br /> <br />9.B. - Page 24