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SECTION 2. AMENDMENT OF CODE. Title 2, Chapter 2 -20 of the San Leandro Municipal Code is hereby added as follows: 2 -20 -010 PURPOSE. The purpose of this ordinance is to enhance the ability of the City and property owners to establish property and business improvement districts pursuant to the Property and Business Improvement District Law of 1994 (Streets & Highways Code Section 36600 et seq.) by: (1) reducing the percentage of property owners whose signatures are required to initiate formation of, or petition for disestablishment of. a Property and Business Improvement District ( "Property BID ") from fifty percent (50 %) of the weighted property owners, as authorized by the Property and Business Improvement District Law of 1994, to thirty percent (30 %) of the weighted property owners; (2) extending the period for which a Property BID may exist from five years, as authorized by the Property and Business Improvement District Law of 1994, to twenty years; and (3) authorizing the reimbursement of formation costs. 2 -20 -020 ALTERNATIVE PROCEDURES. A. The procedures established in this Chapter shall be additional to any other procedure established by ordinance or state law, and are intended to supplement those procedures. B. In forming assessment districts to fund activities and improvements that confer a special benefit on property, the City Council may elect to use the procedures set forth in the Property and Business Improvement District Law of 1994 (Streets & Highways Code §§ 36600 el seq. (the "PBID Law ") as modified by this Chapter. The City Council shall be bound by, and comply with, applicable state law governing the establishment and operation of property and business improvement districts in all respects not inconsistent with this Chapter. C. An assessment district established pursuant to this Chapter shall be denominated as a "Community Benefit District" or "District" and the assessment levied in connection with such a district shall be denominated as a "Community Benefit Assessment." D. Except where otherwise provided in this Chapter, "Community Benefit District" shall have the meaning given to "Property and Business Improvement District" by Section 36611 of the PBID Law and each reference in the PBID Law to a "Property and Business Improvement District" or a "District" shall be deemed also a reference to a "Community Benefit District." E. Except where otherwise provided in this Chapter, "Community Benefit Assessment" shall have the meaning given to "Assessment" by Section 36606 of the PBID Law and each reference in the PBID Law to an "Assessment" shall be deemed also a reference to a "Community Benefit Assessment." 2 -20 -030 PETITION REQUIREMENT. Upon the written petition, signed and acknowledged, of the property owners in the proposed district who will pay more than thirty (30) percent of the assessments proposed to be levied, the City Council may initiate proceedings to form a Community Benefit District by adopting a resolution expressing its intention to form a Community Benefit District. The amount of ORDINANCE NO. 2012 -014 2