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<br />(b) Necessary replenishment or expenditure of bond reserve funds, other <br />reserve funds or accumulation of funds for future payments including any amount <br />required by Federal law to be rebated to the United States on the same debt; <br /> <br />(c) Payment of costs and expenses of authorized public facilities; <br /> <br />(d) Repayment of advances and loans, if appropriate; and <br /> <br />(e) Payment of District administrative costs. <br /> <br />The proceeds of the special taxes shall be used as set forth above, and shall not <br />be used for any other purpose. <br /> <br />5. The special tax shall be collected in the same manner as ordinary ad <br />valorem property taxes are collected, and shall be subject to the same penalties and <br />same procedures, sale and lien priority in cases of any delinquency as is provided for <br />ad valorem taxes, and the San Mateo County Tax Collector is hereby authorized to <br />deduct reasonable administrative costs incurred in collecting any said special tax. <br /> <br />6. All monies collected shall be paid into the District funds, including any <br />bond fund and reserve fund. <br /> <br />7. For the purpose of collecting this special tax, the City Manager or his <br />designee is authorized to timely file with the San Mateo County Auditor and Tax <br />Collector, in the format and media specified by the County, a list showing the amount of <br />the special tax levied upon each parcel of taxable property in the District. <br /> <br />8. The San Mateo County Auditor shall then, at the close of the tax collection <br />period, promptly render to the legislative body a detailed report showing the amount <br />and/or amounts of such special tax installments, interest, and penalties so collected for <br />the District and from what property those revenues were collected identifying any <br />properties which are delinquent and the amount and length of time in arrears, and also <br />provide a statement of the percentage retained by the San Mateo County Auditor for the <br />expense of making any such collection and the report. <br /> <br />9. This Resolution relating to the levy of the special tax shall take effect <br />immediately upon its adoption in accordance with the provisions of section 53340 of the <br />California Government Code, as amended. <br /> <br />****** <br /> <br />A TTY IRESO/RESO .1710 <br />052307 <br /> <br />14784 <br />Muff # 506 <br /> <br />2 <br />