Inglewood Municipal Code § 10-147 Financial Provisions

Upon receipt of moneys representing assessments collected by the county, the Finance Director shall deposit the moneys in the treasury of the City to the credit of an improvement fund for the assessment district from which they were collected, and the moneys shall be expended only for the improvements authorized for such district.

(Ord. 03-19 10-14-03; Ord. 07-08 4-25-07)

If there is a surplus or a deficit in the improvement fund of an assessment district at the end of any fiscal year, the surplus or deficit shall be carried forward to the next annual assessment to be levied within such district and applied as a credit or a debit, as the case may be, against such assessment.

If there is a deficit in the improvement fund of an assessment district during any fiscal year, the City Council, from any available and unencumbered funds of the City, may provide for:

(1) A contribution to the improvement fund.

(2) A temporary advance to the improvement fund and direct that the advance be repaid from the next annual assessments levied and collected within the assessment district.

The City Council may accept contributions from any source toward payment of improvement costs. The City Council, at any time either before or after the confirmation of the assessment, may provide for contributions towards payment of improvement costs from the funds of the City. All contributions shall be deposited in the improvement fund of the assessment district for which the contribution was provided.

All contributions authorized prior to confirmation of an assessment shall be deducted from the total improvement costs to be assessed within the assessment district.

The City Council may by resolution determine that the estimated cost of specified proposed improvements, including costs of maintenance and servicing, is greater than can be conveniently raised from a single annual assessment and order that such estimated cost shall be raised by an assessment levied and collected in installments over a period not to exceed five fiscal years. The resolution shall generally describe the proposed improvements, set forth the estimated cost thereof, specify the number of annual installments and the fiscal years during which they are to be collected, and fix or determine the total amount of each annual installment.

After adoption of a resolution providing for annual installment assessments, the engineer, in preparing reports required by Sections 10-142 through 10-142.9 of this Article, shall include in the estimate and the assessment for each fiscal year specified in the resolution the total amount of the annual installment fixed or determined for such year.

If a resolution providing for annual installment payments has been adopted, in the resolution or subsequent thereto, the City Council may provide for:

(1) The accumulation of the moneys collected from the annual installments in the improvement fund until there shall be sufficient moneys to pay all or part of the cost of the improvements described in the resolution.

(2) A temporary advance to the improvement fund from any available and unencumbered funds of the City to pay all or part of the cost of the improvements described in the resolution and direct that the advance be repaid from the annual installments levied and collected during the fiscal years designated in the resolution.

Public property owned by any public agency and in use in the performance of a public function shall not be subject to assessment under this Article unless the resolution of intention expressly provides that it shall be assessed. If the resolution provides that public property shall be assessed, the local agency conducting the proceedings shall be liable for payment of all amounts so assessed. Any such amounts shall be payable from the general fund of the City unless the resolution of intention designates some other fund. To the extent that any such amounts are paid by the public agency owning the public property, the City conducting the proceedings shall not be liable therefor.