Municipal Code, Complete - City of Santa Barbara

10.70.590 Publication.
The resolution, together with the names of the members of the Council voting for and against it, shall be
published, posted, and mailed as provided in sections 10.70.180, 10.70.200 and 10.70.220, except that in applying
such sections the word "district" shall mean the territory proposed to be annexed. (Ord. 4062, 1980.)
10.70.600 Hearing; Exclusion of Territory Not Benefited.
On the day fixed for the hearing, or any day to which the hearing is continued, the Council shall hear and consider
any objections presented to the annexation of the territory to the district or to the inclusion of any territory proposed
to be annexed. At the hearing the Council shall exclude from the proposed annexation any territory which in its
opinion will not be benefited by such annexation. (Ord. 4062, 1980.)
10.70.610 Resolution Ordering Annexation; Minute Entry; File and Recording.
After making all necessary and proper changes in the boundaries, the Council may, by resolution, order the
annexation to the district of all or such part of the territory originally proposed to be annexed as the Council
determines will be benefited by such annexation and shall describe the boundaries of the territory annexed. The
adoption of such resolution shall have the same force and effect as provided in Section 10.70.410 and an amended
boundary map shall be recorded as provided in section 10.70.370. (Ord. 4062, 1980.)
10.70.620 Effect of Annexation.
Upon the adoption of such resolution the territory annexed is a part of the district and is subject to all the liabilities
including liability for special assessments, and entitled to all the benefits of the district. (Ord. 4062, 1980.)
10.70.630 Additional Parking Places.
Additional parking places may be acquired and constructed for any district formed pursuant to this chapter.
Proceedings may be taken hereunder for such further acquisition or improvement of public parking facilities for
the district and the issuance of bonds therefor as provided in this chapter. Any such proceedings may be initiated by
the Council. The procedure specified in this chapter for the formation of a district and the issuance of bonds shall be
followed so far as applicable; provided, however, that the acquisitions and improvements finally ordered to be made
must be ones which the Council, following the hearing, finds to be of benefit to the district as originally formed or
modified by annexation proceedings theretofore or concurrently conducted.
Any bonds issued to finance additional public parking facilities for the district may in part be secured by revenues
from facilities acquired with the proceeds of bonds previously issued, to the extent that the allocation and pledge of
such revenues to payment of the additional bonds is not prohibited by the resolution providing for the bonds
previously issued. The revenues from such additional facilities may be used to pay principal and interest on bonds
previously issued to the extent authorized by the resolution providing for the issuance of the bonds issued for such
additional facilities. (Ord. 4062, 1980.)
10.70.640 Issuance of Bonds.
The Council may by resolution provide for the issuance of bonds of the district in an amount not exceeding the
amount estimated to be necessary to make the proposed acquisitions and improvements, to pay the incidental
expenses in connection therewith and the proceedings therefor and to establish a reserve fund for the payment of the
principal of and interest on the bonds, and for working capital and interest during the period of construction and for a
period of not to exceed twelve (12) months thereafter, less any amount to be contributed by the city for such
purposes, all as set forth in the report pursuant to section 10.70.130.
When bonds are to be issued in any proceeding had and taken in connection with any project, pursuant to this
chapter, the same shall be issued, paid and collected in accordance with sections 10.70.650 to 10.70.680, inclusive.
A special fund, to be appropriately identified with the project and in this chapter called the "bond fund", shall be
created and maintained for each issue of bonds. If special assessments or charges or both are levied to pay the annual
costs of maintenance and operation of the project, a special fund, to be appropriately identified with the project and in
this chapter called the "maintenance fund" shall also be created and maintained for such project.
All moneys pledged and assigned or contributed to the payment of the bonds and the interest thereon, and all
special assessments and assessments levied to pay the bonds and the interest thereon, as herein-after provided, shall
be deposited in the bond fund for such issue, shall constitute a trust fund therefor, and shall not be expended for any
other purpose. The proceeds of all annual special assessments levied to pay the costs of maintenance and operation of
the project, together with any other moneys appropriated or contributed for such purposes, including without
limitation charges levied under article III shall be deposited in the maintenance fund, shall constitute a trust fund
therefor and be applied solely to such purposes. (Ord. 4062, 1980.)
270-8 rev. 12/31/95