Section 53181 Of Article 2. Proceedings To Create An Integrated Financing District From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 1.5. >> Article 2.
53181
. Proceedings to create an integrated financing district shall
be instituted by the local agency by adopting a resolution of
intention to create the integrated financing district which shall
include all of the following, and which may be combined with any
similar resolution required in the financing act:
(a) A statement that the local agency will proceed under the
authority of this chapter.
(b) A description of the boundaries of the proposed integrated
financing district, which need not be the same as the boundaries of
the district created pursuant to the financing act.
(c) A description of the rates and methods of apportionment over
time of any levy proposed under this chapter, and the contingencies
under which each levy will be made. A contingent assessment shall be
specified as a fixed dollar amount per unit of area for parcels
developed into each of several land use categories, as determined by
the legislative body, except that the legislative body may provide
that the fixed dollar amount may be adjusted annually by an interest
rate, as determined by the legislative body. The cumulative interest
rate adjustment shall not exceed 100 percent.
(d) A description of the proposed uses of funds arising from any
levy made pursuant to this chapter, including a description of any
facilities to be constructed with the funds, and an estimate of the
cost of those facilities.
(e) A description of any proposed reimbursement agreement.
(f) A statement that a public hearing on proposals made under this
chapter will be combined with any hearing or hearings required under
the financing act, and a description of the procedures for
interested persons to protest against the proposals.