Irwindale Municipal Code Ch. 3.30 Community Facilities District No. 1

On June 28, 1990, the city council adopted Resolution No. 90-13-1186 establishing Community Facilities District No. 1.

(Ord. 445 § 1(part), 1990).

A. By the passage of the ordinance codified in this chapter, the council authorizes the levy of a special tax pursuant to the formula set forth in Exhibit "A" attached to the ordinance codified in this chapter and incorporated by reference in an amount necessary to pay all amounts payable by Community Facilities District No. 1 and with respect to the bonded indebtedness within the boundaries of Community Facilities District No. 1.

B. That the council is hereby further authorized each year, by resolution, to determine the next fiscal year, except that the special tax rate to be levied shall not exceed that as set forth in said Exhibit "A," but the above authorized special tax may be levied at a lower rate.

(Ord. 445 § 1(part), 1990).

A. Properties or entities of the state, federal or other local governments shall be exempt from the above authorized special tax except that when property not otherwise exempt from the above authorizing special tax levied pursuant to the Act is acquired by a public entity through a negotiated transaction, or by gift or devise, the above authorized special tax shall, notwithstanding this chapter, continue to be levied on the property acquired and shall be enforceable against the public entity that acquired the property.

B. No other properties or entities are exempt from the above authorized special tax unless the properties or entities are expressly exempted in Resolution No. 90-13- 1186.

(Ord. 445 § 1(part), 1990).

All of the collections of the above authorized special tax shall be used as provided for in the Act and Resolution No. 90-13- 1186.

(Ord. 445 § 1(part), 1990).

The above authorized special tax may be collected in the same manner as ordinary ad valorem taxes are collected and may be subject to the same penalties and the same procedure, sale, and lien priority in cases of delinquency as provided for ad valorem taxes, or another procedure may be adopted by the council.

(Ord. 445 § 1(part), 1990).

The tax collector may deduct reasonable administration costs incurred in collecting the above authorized special tax.

(Ord. 445 § 1(part), 1990).

As a cumulative remedy, if any amount levied pursuant thereto as a special tax for payment of bond interest or principal together with any penalties and other charges accruing under this chapter are not paid when due, the council may, not later than four years after the due date of the last installment of principal, order that the same be collected by an action brought in the superior court to foreclose any lien therefor.

(Ord. 445 § 1(part), 1990).