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Packet 09062022
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12A Public Hearings
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9/26/2022 12:33:20 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
9/6/2022
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City of San Leandro July 8, 2022 <br />CFD No. 2022-1 (Monarch Bay Shoreline Facilities & Services) Page B-12 <br />This procedure shall be exclusive and its exhaustion by any property owner shall be a condition precedent <br />to filing any legal action by such owner. <br />G. INTERPRETATIONS <br />The City may, by resolution or ordinance, interpret, clarify and/or revise this Rate and Method of <br />Apportionment of Special Taxes to correct any inconsistency, vagueness, or ambiguity as it relates to the <br />Special Taxes, method of apportionment, classification of Taxable Property, or any definition used herein, <br />as long as once CFD No. 2022-1 Bonds have been issued such correction does not materially adversely <br />affect the levy and collection of Special Taxes needed to repay the CFD No. 2022-1 Bonds. In addition, the <br />interpretation and application of any section of this document shall be at the City’s discretion. <br />H. MANNER OF COLLECTION <br />The Special Taxes shall be collected in the same manner and at the same time as ordinary ad valorem <br />property taxes; provided, however, that the CFD Administrator may, directly bill the Special Tax, may <br />collect the Special Tax at a different time or in a different manner as necessary to meet the financial <br />obligations of CFD No. 2022-1, and may covenant to foreclose and may actually foreclose or cause an <br />action for foreclosure to be prosecuted in respect of Taxable Property that is delinquent in the payment <br />of the Special Tax. <br />I. TERM AND PREPAYMENT <br />The Special Tax shall be levied and collected as needed to fund the Special Tax Requirement in perpetuity, <br />subject to the remainder of this section I. The Special Tax may not be prepaid. No portion of the Special <br />Tax shall be levied for Authorized Facilities beyond 100 years from the initial levy of the Special Tax.
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