AgdaPkt 2012-01-09 - Laserfiche WebLink

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8.A. - Page 82 Section 8. Undivided Levy The Special T1x levied on each Taxlble Plrcel 1lloclted Commercill Square Feet shall include an undivided levy on any other Parcel or Parcels to which applicable Parking Units have been assigned by the City pursuant to the following table or a Final Development Plan, as applicable, subject to any future subdivision or merger and the reallocation of Commercial Square Feet and Parking Units pursuant to Section 3 hereof. For the purposes of collecting such Special Taxes, the City shall levy the entire tax on the Parcel to which Commercial Square Feet are assigned and on the Parcel or Parcels to whicll related Parl<ing Units have been assigned. Special Taxes due on Taxable Parcels with Commercial Square Feet thereon shall be placed on the secured tax roll. The associated undivided Special Tax levy on the Parcel or Parcels to which applicable Parking Units have been assigned shall be billed directly to the owner thereof as provided for in Section 6 hereof. If Special Taxes subject to an undivided levy which have been placed on the secured tax roll are paid in a timely manner, the associated undivided Special Tax levy billed directly to the owner of a Taxable Parcel shall, with no further action required by the owner or the CFD, be deemed paid. In the event Special Taxes become delinquent on a Taxable Parcel subject to an undivided levy, such Special Taxes shlll be deemed delinquent on both the Parcel against which such delinquent Special Taxes are shown on the secured property tax roll, as well as on the Parcel or Parcels to wllich applicable Parking Units have been assigned by the City, the Special Taxes on which have been billed directly by the CFD, and the CFD shall pursue such foreclosure remedies as 1re available to it under the fiscal agent agreement securing outstailding CFD bonds and the Law against both such Parcels. The paymeilt of Special Taxes subject to an undivided levy on more than one Taxable Parcel shall be deemed satisfied on all Taxable Parcels subject to such undivided levy if paid on any one such Taxable Parcel. Tl1en the Parking Units If the Coinmercial Square associated with such Coininercial Feet is on the Btulding Square Feet is on the Building Parcel designated in the Parcel designated in the Developinent Agreenlent as: Development A�reement as: 1 1P 2 2P 3 3P 4 4P 5 5P 6 6P 10 10P Section 9. Application of Surplus Tax Revenues Any amounts collected in excess of Annual Costs shall be applied as stipulated in the fiscal agent agreement securing outstanding bonds of the CFD. Section 10. Administrative Changes The City Manager has the authority to make necessary administrative adjustments to the Rate and Method of Apportionment in order to remedy any portions of this Rate and Method of Apportionment that rec�uire clarification, provided that no such adjustment shall result in a tax levy on any Taxable Parcel in excess of the Maximum Annual Special Tax Rate. Any taxpayer that believes that the amount of the Special Tax levied on a Parcel is in error may file a written notice with the City Manager appealing the Special Tax. Any such B-9