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6.3A <br /> Page 2 <br /> Section 2. By the passage of this Ordinance this City Council hereby <br /> authorizes and levies special taxes within the District, pursuant to the Law, at the rate <br /> and in accordance with the rate and method of apportionment of special taxes for the <br /> District approved by the Resolution of Formation (the "Rate and Method") which <br /> Resolution is by this reference incorporated herein. The special taxes are hereby levied <br /> commencing in fiscal year 2010/11 and in each fiscal year thereafter until payment in <br /> full of any bonds issued by the City for the District (the "Bonds") as contemplated by the <br /> Resolution of Formation and the Resolution of Necessity and payment in full all costs of <br /> administering the District have been paid. <br /> Section 3. The Director of Finance of the City is hereby authorized and <br /> directed each fiscal year, without further action of this City Council, to determine, or <br /> cause to be determined, the specific special tax rate and amount to be levied for each <br /> parcel of real property within the District, in the manner and as provided in the <br /> Resolution of Formation. <br /> Section 4. Properties or entities of the State, federal or local governments <br /> shall be exempt from any levy of the special taxes, to the extent set forth in the Rate <br /> and Method attached as Exhibit C to the Resolution of Intention. In no event shall the <br /> special taxes be levied on any parcel within the District in excess of the maximum tax <br /> specified in the Rate and Method. <br /> Section 5. All of the collections of the special tax shall be used as provided for ; <br /> in the Law and in the Resolution of Formation including the payment of principal and <br /> interest on the Bonds, the replenishment of the reserves for the Bonds, the payment of <br /> the costs of the City in administering the District and the costs of collecting and <br /> administering the special tax. <br /> Section 6. The special taxes shall be collected from time to time as necessary <br /> to meet the financial obligations of the District on the secured real property tax roll in the <br /> same manner as ordinary ad valorem taxes are collected. The special taxes shall have <br /> the same lien priority, and be subject to the same penalties and the same procedure <br /> and sale in cases of delinquency as provided for ad valorem taxes. In addition, the <br /> provisions of Section 53356.1 of the California Government Code shall apply to <br /> delinquent special tax payments. The Director of Finance of the City is hereby <br /> authorized and directed, without further action of this City Council, to take all actions <br /> necessary in order to effect proper billing and collection of the special tax, so that the <br /> special tax shall be levied and collected in sufficient amounts and at the times <br /> necessary to satisfy the financial obligations of the District in each fiscal year until the <br /> Bonds are paid in full and provision has been made for payment of all of the <br /> administrative costs of the District. <br /> Notwithstanding the foregoing, the Director of Finance of the City may collect one <br /> or more installments of the special taxes on any one or more parcels in the District by <br /> means of direct billing by the City of the property owners within the District, if any of the <br /> Bonds bear interest at a variable interest rate, or otherwise if, in the judgment of the <br /> Director of Finance of the City, such means of collection will reduce the administrative <br /> ATTY/ORD/ORD.336 2 <br /> 090110 <br />