Res20 15915 - Laserfiche WebLink

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11/23/2020 Levees to determine the Annual Service Special Tax Rate for Levees. The Annual Service Special Tax Rate for Wet Utilities shall be calculated as stated above for such same period of time. Step 10 The Services Special Tax for each Seaport Centre Taxable Parcel shall be calculated by (i) adding the Annual Service Special Tax Rate for Levees and Annual Service Special Tax Rate for Wet Utilities determined in Step 9 above and, (ii) multiplying such combined rate by the number of Lot Square Feet allocable to each such Seaport Centre Taxable Parcel. Step 11 After the Facilities have been accepted by the City, the Services Special Tax for the Seaport Plaza Taxable Parcel shall be calculated by multiplying the Annual Service Special Tax Rate for Levees by the number of Lot Square Feet allocable to the Seaport Plaza Taxable Parcel. If the Facilities have yet to be accepted by the City, there will be no Services Special Tax levy with respect to the Seaport Plaza Taxable Parcel. Each Fiscal Year, after the determination of the Facilities Special Tax and Services Special Tax for each Seaport Centre Taxable Parcel and the Seaport Plaza Taxable Parcel, if applicable, the City Manager shall prepare and distribute a Special Tax report to the owners of the Taxable Parcels containing, by Assessor's parcel number, the applicable annual Facilities Special Tax rate, the Facilities Special Tax, the applicable annual Services Special Tax rate, and the Services Special Tax applicable to all such Taxable Parcels (the "Special Tax Report"). The City Manager shall also prepare the Tax Collection Schedule for the County Auditor identifying the annual Special Tax liability for each Taxable Parcel (comprised of the applicable Facilities Special Tax and Services Special Tax for each such Taxable Parcel) , requesting that the Tax Collection Schedule be placed on the County's secured property tax roll for the applicable Fiscal Year. The Tax Collection Schedule shall be sent to the County Auditor no later than July 31 or such prior date required by the County Auditor for such placement. Notwithstanding the foregoing, if for any reason the Special Tax levy for a Taxable Parcel will not be included on the County's secured property tax roll for the upcoming Fiscal Year, the CFD may levy the Special Taxes for such Fiscal Year by means of a direct billing of the owners of the Taxable Parcels. In such event, the City shall issue Special Tax invoices to the owners of the Taxable Parcels which shall (i) identify the Assessor's parcel number and the applicable Facilities Special Tax and Services Special Tax for such Taxable Parcel, (ii) the amounts to be paid no later than December 10 and April 10 of the applicable Fiscal Year, and the penalty amount if the payments are not timely made, and (iii) the statement that failure to pay either or both of the Facilities Special Tax and/or Services Special Tax amounts can result in foreclosure proceeding against such defaulting Taxable Parcel in accordance with Section 53356.1 of the Act, which authorizes foreclosure of debt -related special taxes. Failure of the City or the CFD to directly invoice the owner of a Taxable Parcel subject to the levy of Special Taxes shall in no way affect the validity of or result in a waiver of the right to levy such Special Tax levy. RESO. NO. 15915 MUFF NO. 506 -11-