California Streets and Highways Code 5898.22 – The report shall contain all of the following:(a) A map showing …
The report shall contain all of the following:
(a) A map showing the boundaries of the territory within which voluntary contractual assessments are proposed to be offered.
Terms Used In California Streets and Highways Code 5898.22
- City: includes "city and county" and "incorporated town. See California Streets and Highways Code 15
- Contract: A legal written agreement that becomes binding when signed.
- County: includes "city and county. See California Streets and Highways Code 14
- Efficiency improvements: means permanent improvements fixed to residential, commercial, industrial, agricultural, or other real property. See California Streets and Highways Code 5898.20
- Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
- public agency: means a city, county, city and county, municipal utility district, community services district, sanitary district, sanitation district, or water district, as defined in §. See California Streets and Highways Code 5898.20
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) A draft contract specifying the terms and conditions that would be agreed to by a property owner within the voluntary contractual assessment area and the public agency.
(c) A statement of public agency policies concerning voluntary contractual assessments including all of the following:
(1) Identification of types of facilities, distributed generation renewable energy sources, or energy or water efficiency improvements that may be financed through the use of contractual assessments.
(2) Identification of a public agency official authorized to enter into voluntary contractual assessments on behalf of the public agency.
(3) A maximum aggregate dollar amount of voluntary contractual assessments.
(4) A method for setting requests from property owners for financing through voluntary contractual assessments in priority order in the event that requests appear likely to exceed the authorization amount.
(d) A plan for raising a capital amount required to pay for work performed pursuant to voluntary contractual assessments. The plan may include amounts to be advanced by the public agency through funds available to it from any source. The plan may include the sale of a bond or bonds or other financing relationship pursuant to Section 5898.28. The plan shall include a statement of or method for determining the interest rate and time period during which contracting property owners would pay any assessment. The plan shall provide for any reserve fund or funds. The plan shall provide for the apportionment of all or any portion of the costs incidental to financing, administration, and collection of the voluntary contractual assessment program among the consenting property owners and the public agency.
(e) A report on the results of the consultations with the county auditor’s office or county controller’s office concerning the additional fees, if any, that will be charged to the city or county for incorporating the proposed voluntary contractual assessments into the assessments of the general taxes of the city or county on real property, and a plan for financing the payment of those fees.
(Amended by Stats. 2009, Ch. 444, Sec. 6. (AB 474) Effective January 1, 2010.)