Santa Rosa Municipal Code Art. II Community Facilities Law of 1911

In the authorization and issuance of general obligation bonds within a district within the City, the Community Facilities District Law of 1911, Chapter 1 (commencing with Section 4600), Part 3, Division 5 of the Health and Safety Code, herein called the Act, shall apply, excepting as otherwise provided in this article.

(Prior code App. A, § 650)

"Improvement"

means and includes the acquisition, by construction or otherwise, of real or personal property used or useful in establishing, improving and equipping, without limiting the generality thereof, any improvement constituting a municipal affair.

(Prior code App. A, § 651)

If a majority of the vote cast on the measure is in favor of the issuance of the bonds, the bonds may be issued and the indebtedness incurred.

(Prior code App. A, § 652)

The provisions of Sections 2285 and 2287 of the Revenue and Taxation Code shall apply.

(Prior code App. A, §653)

The election may be called and held in the manner provided in Article V of Chapter 4-36.

(Prior code App. A, §654)

The bonds may be sold as the Council shall determine, at or below or above par, to bear interest at a coupon rate of not to exceed eight percent per year.

(Prior code App. A, § 655)

The provisions of Sections 4-36.380 and 4-36.385 shall apply.

(Prior code App. A, § 656)

Territory may be annexed to and included in a district at the same time, in the same manner, and in the same proceeding as for annexations to the City, or otherwise as provided in Section 4-16.160.

(Prior code App. A, § 657)