Section 35258 Of Chapter 2. Formation Of District From California Streets And Highways Code >> Division 18. >> Part 4. >> Chapter 2.
35258
. Upon the filing of the report, the legislative body may
adopt a resolution declaring its intention to form a parking
district. The resolution shall contain substantially the following:
(a) The name of the proposed district.
(b) A description of its boundaries. This description may be
general only and may refer to a map on file in the office of the
clerk of the legislative body, which map shall show the boundaries of
the proposed district and shall govern for all its details.
(c) A general description of the acquisitions and improvements
proposed by the petition. This description may be in general terms
and may refer to a map, plan, or sketch on file in the office of the
clerk for a further description of what is proposed to be done.
(d) The estimates of costs, expenses, and revenues, and the
assessed value of real property in the proposed district, as set
forth in the report.
(e) The amount to be contributed by the city as proposed by the
petition and agreed to by the legislative body.
(f) An estimate of the amount of the bonds proposed to be issued,
the maximum number of years the bonds are to run, and the maximum
rate of interest to be payable thereon not in excess of 7 percent a
year.
(g) The limits, as stated in the petition, as to time and rate
upon any ad valorem assessments which may be levied upon taxable real
property in the district for the purposes permitted by this part.
(h) A general statement of the public ways within the district on
which the city, as proposed by the petition, will install and
maintain, or continue to maintain parking meters, the net revenues
from which will be allocated and pledged to any of the purposes
specified in this part, and the period of time, measured from the
date of the bonds, for which the city will agree to maintain the
meters. If it is proposed that only a portion of the net revenues be
so allocated and pledged, that portion shall be generally defined.
(i) The time and place for two hearings on the proposed formation
of the district and the time within which and the place where
protests may be filed.
(j) The resolution shall make reference to the report on file in
the office of the clerk.