Earlier editions: 2026-09
Chapter 17 — IMPROVEMENT PROCEDURE CODE›Article III — ASSESSMENT BOND PROCEDURE
Mountain View Municipal Code Div. 4 Bond Plan C District (liability) Bonds
Mountain View Municipal Code · 2026-10 edition · updated 2026-10-04 · Mountain View
Cite as: Mountain View Municipal Code Division 4 · Text as of 2026-10-04
SEC. 17.150. - Applicable law.¶
When bonds are issued pursuant to this plan the provisions of Sec. 17.146 to 17.149 shall apply, except as herein provided.
(Ord. No. 175.501, 11/24/58.)
SEC. 17.151. - Form.¶
Appropriate changes shall be made in the form of the bonds to show that they have been issued for a public improvement or acquisition pursuant hereto.
(Ord. No. 175.501, 11/24/58.)
SEC. 17.152. - Supplemental advances.¶
The provisions of Sections 8500 to 8851 of the Streets and Highways Code of the state, which require the city to advance, as a loan to the bond redemption fund from available surplus funds, the amount of any delinquent installment of principal, interest and penalties thereon, shall not be mandatory and shall not be enforceable.
(Ord. No. 175.501, 11/24/58.)
SEC. 17.153. - Supplemental levies.¶
Section 8809 of the Streets and Highways Code of the state which requires that the city shall cause to be levied a special tax of not to exceed ten (10) cents on each one hundred (100) dollars of taxable property in the city shall be restricted to the taxable property within the assessment district created in the proceedings or other district deemed benefited thereby and described in the resolution of intention, and shall not be enforceable against the city as a whole.
(Ord. No. 175.501, 11/24/58.)
SEC. 17.154. - Advance payment of assessment.¶
After the bonds are issued, the assessment on any parcel may be paid in advance in the manner provided in the 1915 Act, by paying to the auditor the unpaid balance of principal plus interest to the date of payment if paid on an interest payment date, and otherwise, to the next succeeding interest payment date plus one (1) year's interest at the rate stated in the bonds, plus ten (10) dollars for the cost of publication of the notice of call. The person paying shall not be entitled to any refund.
(Ord. No. 175.501, 11/24/58.)
SEC. 17.155. - Advance retirement of bonds.¶
When sufficient surplus moneys are in the redemption fund with which to call a bond, the treasurer shall call and retire a bond in the manner provided in Sections 8750 to 8756 of the Streets and Highways Code of the state; provided, that the notice need only be given for a period of thirty (30) days.
(Ord. No. 175.501, 11/24/58.)
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