§ 4.107.500. Resolution of intention—Contents.

The resolution of intention to annex the territory or to provide for future annexation of the territory shall do all of the following:

A.

State the name of the existing community facilities district.

B.

Generally describe the territory included in the existing district and the territory proposed to be annexed. As an alternative, the resolution may identify territory proposed for annexation in the future, with the condition that parcels within that territory may be annexed only with the unanimous approval of the owner or owners of each parcel or parcels at the time that parcel or those parcels are annexed.

C.

Specify the types of facilities and/or services provided pursuant to this law in the existing district and the types of facilities and/or services to be provided in the territory proposed to be annexed or to be annexed in the future; and include a plan for sharing facilities and providing services that will be provided in common within the existing district and the territory proposed to be annexed or to be annexed in the future.

D.

Specify any special taxes which would be levied within the territory proposed to be annexed or to be annexed in the future to pay for facilities and/or services provided pursuant to this law within that territory. A special tax proposed to pay for services to be supplied within the territory proposed to be annexed or to be annexed in the future shall be equal to any special tax levied to pay for the same services in the existing district, except that a higher or lower tax may be levied within the territory proposed to be annexed or to be annexed in the future to the extent that the actual cost of providing the services in that territory is higher or lower than the cost of providing those services in the existing district. A special tax proposed to pay for facilities financed with bonds secured by the existing community facilities district shall be the same as the tax levied in the existing district for that purpose, except that a higher special tax may be levied for that purpose within the territory proposed to be annexed or to be annexed in the future to compensate for the interest and principal previously paid by the existing community facilities district, less any depreciation allocable to the facility as determined by the board in its sole discretion.

E.

Specify any alteration in the special tax rate levied within the existing community facilities district as a result of the proposed annexation. The maximum tax rate in the existing community facilities district may not be increased as a result of proceedings pursuant to this article.

F.

Fix a time and place for a hearing upon the resolution which shall not be less than 10 nor more than 180 days after the adoption by the board of the resolution of intention to annex territory or to provide for future annexation of territory pursuant to Section 4.107.500.

(Ord. 6471 § 2 (part), 1992)