Laserfiche WebLink
1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />except that the special tax rate to be levied shall not exceed that as set forth in Exhibit "A", but the <br />special tax may be levied at a lower rate. <br />SECTION 4. The proceeds of the above authorized and levied special tax may only be <br />used to pay, in whole or in part, the costs of the following: <br />A. Payment of principal of and interest on any outstanding authorized bonded <br />indebtedness; <br />B. Necessary replenishment of bond reserve funds or other reserve funds; <br />C. Payment of costs and expenses of authorized public facilities; <br />D. Repayment of advances and loans, as appropriate; and <br />E. Payment of District administrative costs. <br />The proceeds of the special tax shall be used as set forth above, and shall not be used for any <br />other purpose. <br />SECTION 5. The above authorized special tax shall be collected in the same manner as <br />ordinary ad valorem taxes are collected and shall be subject to the same penalties and the same <br />procedure, sale and lien priority in case of delinquency as is provided for ad valorem taxes, and the <br />Tax Collector is hereby authorized to deduct reasonable administrative costs incurred in collecting any <br />such special tax. <br />SECTION 6. The above authorized special tax shall be secured by the lien imposed pursuant <br />to Sections 3114.5 and 3115.5 of the Streets and Highways Code of the State of California, which lien <br />shall be a continuing lien and shall secure each levy of the special tax. The lien of the special tax shall <br />continue in force and effect until the special tax obligation is prepaid, permanently satisfied and <br />canceled in accordance with Section 53344 of the Government Code of the State of California or until <br />the special tax ceases to be levied by the Legislative body of the local Agency in the manner provided <br />in Section 53330.5 of said Government Code. <br />SECTION 7. This Resolution shall take effect upon its adoption under the specific <br />authorization of Government Code Section 53340 and as the levy of taxes for the usual and current <br />expenses of the District as provided by Government Code Section 36937 (d). <br />