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8.A. - Page 8 ATTACHMENT 1 <br /> maximum amount of the additional assessment, expressed either as a dollar amount, or <br /> as a percentage of the underlying assessment. <br /> 31.10. Advancement of Costs. The City Council may, in the Resolution of Intention for <br /> creating a Community Benefit Improvement District, provide that if the District is <br /> established, funds may be advanced from the City's general fund to permit the <br /> operation of the District prior to the City's collection of the assessment. Such advance <br /> shall occur only after the establishment of the District, and no advance shall be made if <br /> the District is not established. Any such advance may not exceed the total anticipated <br /> assessment proceeds for the first year of the assessment. Any such advance must be <br /> recovered from assessment proceeds as provided in the Resolution of Intention, along <br /> with interest calculated at a rate set forth in the Resolution of Intention. The duration of <br /> any such advance shall not exceed five years. <br /> 31.11. Duration. The duration of a new Community Benefit Improvement District shall <br /> be no greater than specified in the Resolution of Intention for the District, and shall in no <br /> event be in excess of twenty years. This Section is intended to supplant any shorter <br /> limitation set forth in the PBID Law on the duration of assessments levied in connection <br /> with an assessment district. <br /> 31.12. Renewal. A Community Benefit Improvement District may be renewed for a <br /> period of not to exceed twenty additional years by following the procedures set forth in <br /> Section 36660 of the PBID Law. <br /> 31.13. Disestablishment. The City Council may, on its own initiative, at any time adopt <br /> a Resolution of Intention to disestablish a Community Benefit Improvement District and <br /> shall adopt such a resolution if, during the annual thirty-day period set forth in Section <br /> 36670(a) (2) of the PBID Law, the City Council receives a written petition requesting <br /> disestablishment signed by property owners who pay more than thirty percent of the <br /> assessments levied in connection with the district. This section provides alternative <br /> method for the initiation of proceedings to disestablish a Community Benefit <br /> Improvement District and shall not be interpreted to preempt the existence of other <br /> ATTY/ORD.400/CBID PROCEDURE ORDINANCE <br /> REV:03-18-14 PT <br /> Page 5 of 7 <br />