Section 36439 Of Chapter 4.9. Alternative Provisions For The Formation Of Improvement Districts And The Issuance Of Bonds Therefor From California Water Code >> Division 13. >> Part 6. >> Chapter 4.9.
36439
. In the event that the board determines it to be in the best
interests of the district to consolidate any two or more existing
coterminous improvement districts formed under this chapter, it may
by resolution adopted by a four-fifths vote, declare its intention to
consolidate such improvement districts. The resolution so adopted
shall identify the improvement districts to be consolidated and shall
set forth the total amount of authorized bonds, as well as the
amount of outstanding bonds, of each of the improvement districts
proposed to be consolidated, the purposes of each such improvement
district, and the designation of the proposed consolidated
improvement district. The resolution of intention shall set forth a
legal description of the existing coterminous improvement districts
to be consolidated and provide that notice be given in a manner
provided in Section 36414. Additionally, the resolution shall fix a
date, time, and place for a public hearing on the proposed
consolidation.