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I SECTION 2. That the City Council does, by the passage of this resolution, authorize <br />2 the levy of special taxes at the rate and formula as set forth in Exhibit "A" attached hereto, <br />3 <br />referenced and so incorporated. <br />4 <br />5 SECTION 3. That the City Council is hereby further authorized, by Resolution, to <br />6 determine the specific special tax rate and amount to be levied for the then current tax year or <br />7 future tax years, except that the special tax rate to be levied shall not exceed that as set forth in <br />8 Exhibit "A", but the special tax may be levied at a lower rate. <br />9 <br />10 SECTION 4. The proceeds of the above authorized and levied special tax may only be <br />I I used to pay, in whole or in part, the costs of the following: <br />12 A. Payment of principal of and interest on any outstanding authorized bonded <br />13 indebtedness; <br />14 <br />B. Necessary replenishment of bond reserve funds or other reserve funds; <br />15 <br />16 C. Payment of costs and expenses of authorized public facilities; <br />17 D. Repayment of advances and loans, as appropriate; and <br />18 E. Payment of District administrative costs. <br />19 The proceeds of the special tax shall be used as set forth above, and shall not be used for any <br />20 <br />other purpose. <br />21 <br />22 SECTION 5. The above authorized special tax shall be collected in the same manner <br />23 as ordinary ad valorem taxes are collected and shall be subject to the same penalties and the <br />24 same procedure, sale and lien priority in case of delinquency as is provided for ad valorem <br />25 taxes, and the Tax Collector is hereby authorized to deduct reasonable administrative costs <br />26 <br />incurred in collecting any such special tax. <br />27 <br />28 <br />