Ord99 2180 - Laserfiche WebLink

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WHEREAS, on April 26, 1999, the Council adopted Resolution Nos. 13610 and 13611 which established the District, authorized the levy of a special tax within the District, and called an election within the District for July 30, 1999 on the proposition of levying a special tax, authorizing the issuance of bonds, and establishing an appropriations limit (the "Proposition"); and WHEREAS, on July 30, 1999, an election was held within the District at which the qualified electors approved the Proposition by more than a two-thirds vote; and WHEREAS, on August 9, 1999, the Council adopted a resolution certifying the results of the July 30, 1999 election conducted by the City Clerk, which results showed that more than two-thirds of the votes cast were in favor of the Proposition; NOW, THEREFORE, THE COUNCIL OF THE CITY OF REDWOOD CITY, ACTING IN ITS CAPACITY AS THE LEGISLATIVE BODY OF REDWOOD SHORES COMMUNITY FACILITIES DISTRICT NO. 99-1 (SHORES TRANSPORTATION IMPROVEMENT PROJECT) OF THE CITY OF REDWOOD CITY, DOES ORDAIN AS FOLLOWS: SECTION 1. The above recitals are all true and correct. SECTION 2. By the passage of this Ordinance, the Council authorizes the levy of a special tax at the rate and formula set forth in Exhibit C to Resolution No. 13611 and which for reference purposes is attached hereto as Exhibit A and incorporated by reference. SECTION 3. The Council is hereby further authorized to determine, by ordinance, or by resolution if permitted by then applicable law, the specific special tax to be levied on each parcel of land in the District. The special tax to be levied shall not exceed the maximum rates set forth in Exhibit A, but the special tax may be levied at a lower rate. SECTION 4. Properties or entities of state, federal, or local governments shall be exempt from the above-referenced and approved special tax only to the extent set forth in Exhibit A hereto and otherwise shall be subject to tax consistent with the provisions of Section 53317.3 of the Act in effect as of the date of adoption of this Ordinance. SECTION 5. All of the collections of the special tax shall be used only as provided for in the Act and Resolution No. 13611. The special tax shall be levied only so long as needed to accomplish the purposes described in Resolution No. 13611. SECTION 6. The special tax shall be collected in the same manner as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes as such collection procedure may be modified by law or this Council from time to time. SECTION 7. As a cumulative remedy, bonds are outstanding, the Council may, not later than four years after the due date of the last installment of principal on the bonds, order that any delinquent special tax as levied in whole or in part for payment of the debt, together with any penalties, interest and costs accruing under this Ordinance, be collected by an action brought in the superior court to foreclose the lien of such special tax. 17385.2X22931.0003 -2- 2 1 80