1992 ORD O-25-92 - Laserfiche WebLink

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KRW61346 1 resolution, as the City Council may in its discretion deem 2 appropriate, to determine pursuant to the methodology set forth in 3 the Rate and Method of Apportionment the specific Special Tax rate 4 and the amount to be levied on all non exempt real property within 5 the boundaries of the CFD for the next fiscal year within the CFD, 6 except that the Special Tax rate and the amount to be levied 7 therein shall not exceed those set forth in the Rate and Method of 8 Apportionment but the Special Tax may be levied at a rate lower 9 than that set forth in the Rate and Method of Apportionment. 10 Section 3. No properties or entities within the bounda- it ries of the CFD are exempt from the levy and payment of the 12 Special Tax unless the properties or entities are expressly 13 exempted by the Act or the Rate and Method of Apportionment. 14 Section 4. All of the Special Tax moneys which are 15 collected, including the receipt of any proceeds from any judicial 16 foreclosure sales due to delinquencies in payment of the Special 17 Tax, shall be used as provided for in the Act and the proceedings, 18 agreements and Resolutions relating to the formation and estab- 19 lishment of the CFD; provided, however that payments of any 20 principal of, premium, if any, and interest on the Bonds shall be 21 given first priority for payment from Special Tax moneys or 22 proceeds from judicial foreclosure sales, if any. 23 Section 5. The Special Tax shall be collected in the 24 same manner as ordinary ad valorem taxes are collected in the 25 County of San Bernardino, State of California (the "County") and 26 shall be subject to the same penalties and the same procedure, 27 sale and lien priority in cases of delinquency as provided for and 28 applicable to the levy and collection of ad valorem taxes in the -4-