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Ordinance 2861CITY OF ALAMEDA ORDINANCE NO. 2861 New Series LEVYING SPECIAL TAXES WITHIN COMMUNITY FACILITIES DISTRICT NO.4 (DEMOLITION AND BACKBONE INFRASTRUCTURE - FISC AND EAST HOUSING SITES) WHEREAS, on June 19, 2001, this City Council adopted a Resolution Declaring Intention to Establish a Community Facilities Dish'ict and to Authorize the Levy of Special Taxes (the "Resolution of Intention ) stating its intention to establish City of Alameda Community Facilties District No.4 (Demolition and Backbone Infrash'ucture - FISC and East Housing Sites) (the "District") pursuant to the City of Alameda Special Tax Financing Improvement Code, constituting Section 3-70 (Special Tax Financing Improvement Code) of Article IV (Special Tax Financing) of Chapter II (Finance and Taxation) of the Alameda Municipal Code (the "Code ), to finance all or a portion of the costs of certain demolition and backbone infrastructure (the "Demolition and Backbone Infrash'ucture ); and WHEREAS, notice was published as required by the Code relative to the intention of this City Council to form the Dish'ict and to finance the Demolition and Backbone Infrastructure; and WHEREAS, on July 17, 2001 , this City Council opened a noticed public hearing as required by Code relative to the determiation to proceed with the formation of the District and the rate and method of apportionment of the special tax to be levied within the District to finance the Demolition and Backbone Inrastructure and continued the hearing to August 21 2001; and WHEREAS, the contiued public hearing was held on August 21, 2001 , and at the hearing all persons desiring to be heard on all matters pertainig to the formation of the District and the levy of said special taxes were heard, substantial evidence was presented and considered by this City Council and a full and fair hearing was held; and WHEREAS, subsequent to the public hearing, this City Council adopted resolutions (i) Formig the City of Alameda Community Facilities District No.4 (Demolition and Backbone Infrastructure - FISC and East Housing Sites), Authorizing the Levy of a Special Tax Within the District and Prelimiarily Establishing an Appropriations Limit for the Dish'ict (the "Resolution of Formation ), (ii) Determiing the Necessity to Incur Bonded Indebtedness Within City of Alameda Community Facilities District No.4 (Demolition and Backbone Infrastructure - FISC and East Housing Sites) and (iii) Calling Special Election, which resolutions established the Dish'ict and authorized the levy of a special tax with the District, determined the necessity to issue bonds for the District, and called an election within the District on the proposition of incurring indebtedness , levying a special tax , and establishing an appropriations limit within the Dish'ict, respectively; and WHEREAS , an election was held within the Dish'ict in which the eligible landowner electors approved said propositions by more than the two-thirds vote required by the Code. NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Alameda that: Section 1 . By the passage of this Ordinance this City Council hereby authorizes and levies special taxes within the Dish'ict pursuant to Code Sections 3-70.40 and 3-70., at the rate and in accordance with the method of apportionment set forth in Exhibit B to the Resolution of Intention or as it may be altered from time to time hereafter in accordance with the provisions of the Code (the "Rate and Method of Apportionment"). The special taxes are hereby levied commencing in fiscal year 2001-2002 and in each fiscal year thereafter until payment in full of any bonds of the City issued for the District (the "Bonds ) and all costs of administering the District. Section 2 . The Director of Finance of the City is hereby authorized and directed each fiscal year to determie the specific special tax rate and amount to be levied for the next ensuing fiscal year for each parcel of real property within the District, in the manner and as provided in the Rate and Method of Apportionment. Section 3 . In no event shall the special taxes be levied on any parcel within the District in excess of the maximum tax specified in the Rate and Method of Apportionment. Section 4 . All of the collections of the special tax shall be used as provided for in the Code, the Rate and Method of Apportionment, and in the Resolution of Formation including, but not limited to, the payment of principal and interest on the Bonds, the replenishment of the reserve fund for the Bonds, the payment of the costs of the City in admistering the Dish'ict and the costs of collectig and admistering the special tax. Section 5 . The special taxes shall be collected from time to time as necessary meet the financial obligations of the District by means of direct biling by the City of the property owners within the District. The special taxes shall become delinquent if not paid when due as set forth in any such respective biling to the property owners. The special taxes shall have the same lien priority, and be subject to the same penalties and the same procedure and sale in cases of delinquency as provided for ad valorem taxes. In addition , the provisions of Section 3-70.90 of the Code shall apply to delinquent special tax payments. The City Director of Finance is hereby authorized and directed to take all actions necessary in order to effect proper biling and collection of the special tax , so that the special tax shall be levied and collected in sufficient amounts and at the times necessary to satisfy the financial obligations of the Dish'ict in each fiscal year until the Bonds are paid in full and provision has been made for payment of all of the administrative costs of the Dish'ict. Notwithstanding the foregoing, the Director of Finance of the City may collect one or more installments of the special taxes on the secured real property tax roll in the same manner as ordinary ad valorem taxes are collected, if, in the judgment of the Director of Finance, such means of collection wil reduce the admistrative burden on the City in administering the District or is otherwise appropriate in the circumstances, Section 6 . If for any reason any portion of this Ordinance is found to be invalid or if the special tax is found inapplicable to any particular parcel within the District, by a Court of competent jurisdiction, the balance of this Ordinance and the application of the special tax to the remaining parcels within the District shall not be affected. Section 7 , The City Clerk shall certify to the adoption of this Ordinance and shall cause the same to be published in the manner prescribed by law. Section 8.This ordinance shall be in full force and effect from and after the expiration of thirty (30) days from the date of its final passage. Attest: , the undersigned , hereby certify that the foregoing Ordinance was duly and regularly adopted and passed by the Council of the City of Alameda in a regular meeting assembled on the 4th day of September, 200l by the following vote to wit: AYES:Councilmembers Daysog, DeWitt , Johnson , Kerr and Mayor Appezzato - 5, NOES:None. ABSENT:None. ABSTENTIONS:None. IN WITNSS , WHEREOF , I have hereunto set my hand and affxed the offcial seal of said City this 5th day of September , 200 l. . . kOlfA LJQt \r' Lara Weisiger , Acting & Clerk City of Alameda