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1 g-�- <br /> Fiscal Impact <br /> If bonds are not sold, the deposit previously paid by the� de.uetoper r��ll p,ay,for�all� cos�ts: <br /> associated with creating the District. . <br /> If bonds are sold, the City will reimburse the developer's deposit from the proceeds of the <br /> bonds. In addition, the City will incur annual bond trustee fees, audit expenses and <br /> administrative costs associated with classifying properties within the District, calculating <br /> the annual special tax levies for taxable parcels within the District and preparing and <br /> transmitting to the County a list of special tax levies to be placed on the secured tax roll. <br /> These costs will be recovered from the property owner or owners from the proceeds of <br /> special�tanes collectedby the Caunty. The Finance Department might incur indirect costs <br /> to manage these activities that may not be recovered with charges to the administrative <br /> budget of the district. This amount would likely be immaterial to the finance department's <br /> overall budget. . <br /> � ��� <br /> �� � <br /> Brian onty u th L. Somers Ed Everett <br /> Director of Flnance and ncial Services Manager City Manager <br /> Financial Planning � <br /> Attachments , <br /> Resolutions <br />