Laserfiche WebLink
<br />27 <br /> <br />Budget Adjustments: <br />Annual budget surpluses, if any, will be rolled into the following year’s budget. Assessments <br />will be set annually, within the constraints of the CPI or land use changes. Revenues from the <br />delinquent accounts may be expended in the year they are received. If the District is not <br />renewed, any remaining funds will be returned to property owners in the proportion by what <br />each property owner paid. <br /> <br />If after the initial term the District decides to renew and if there is money left over from the <br />previous term, the balance of remaining funds will be rolled over into the renewed district. <br />These “rolled over” funds may only be used within the boundaries of the renewed district and <br />cannot be expended for activities, services, or improvements in an area expanded beyond the <br />original District. However, the rolled over funds may be used to finish District Management <br />Corporation activities in the original district. <br /> <br />Time and Manner for Collecting Assessments: <br />The Downtown San Leandro CBD assessments will appear as a separate line item on annual <br />property tax bills prepared by the County of Alameda. The assessments shall be collected at <br />the same time and in the same manner as for the ad valorem property tax paid to the County of <br />Alameda. These assessments shall provide for the same lien priority and penalties for <br />delinquent payment as is provided for the ad valorem property tax. <br /> <br />Any delinquent assessments owed for the first year will be added to the property tax roll for the <br />following year together with any applicable interest and penalties. The “property owner” <br />means any person shown as the owner/taxpayer on the last equalized assessment roll or <br />otherwise known to be the owner/taxpayer by the City. <br />