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Ord 785
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Ord 785
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8/7/2026 2:39:40 PM
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8/7/2026 2:38:57 PM
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Ordinance
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daYs before the date set therein for hearing thereon. Such bonds <br />sha-11 be for the amount of the unpaid bonds determined to be in - <br />Valid or uncollectible and for incidental expenses. The Councill s <br />decision that any original bonda are uncollectible and its decisions <br />on notice and hearing shall be final. <br />16. Xg-lidation. At ani' time after the adoption of the <br />resolution of intention, the Council may take proceedings In the <br />Suzoerior Court in San �jateo County for the validation of such <br />proweedings in the manner and with like effect provided in the <br />�� <br />Irrigation District Act for the validation of irrigation district <br />bonds 4 <br />17. S?�w Of - Per%Y. In the event that mW parcel of <br />property acgUlred from the proceeds of these bonds, or any Improve- <br />ments, extensions or replacements thereof or additions thereto <br />sham, her ester be sold and disposed of, either inuring or after <br />the to -•m of the bonds, the proceeds of the sale shall be used for <br />the following purposes and in the following order of priority: <br />(a) For the purchase of other ofd' -stmt parking places or <br />f&WIlities .for the parking district,, or fOr Improvements., addi- <br />tions and exbenslons to the existing facilities therein. <br />(b) To MY -the prInolpal of and interest on the parking bonds <br />of this Issue or any additional parking bonds of the district <br />then outstanding. <br />(c) To make the refunds provided in Section 35705 provided <br />in the Parking Districo Lm. <br />18. TaklnR Effeat . This ordinance shoal tie, published once, <br />and shall be effective thirty ( 3®) days after its adopt -10M. <br />r of the a- of cedtaao ME -31- <br />-4- <br />
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