Ordinance No. 19831 - Laserfiche WebLink

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or collected as otherwise provided by law. Section 10. Proceeds from the payment or foreclosure of assessments levied by this Ordinance shall be deposited to the City funds as follows : 10.1 The determination to use a rate of $0.025/square foot of total lat for the local system development charge under E.C. 7.705 et seq is ratified and the proceeds therefrom shall be used to reimburse the City for the cost of the extra capacity required in the sewer interceptor to serve properties within the Santa Clara area; and 10.2 The proceeds from the regional development charge shall be deposited to the appropriate fund; and 10.3 The balance of the proceeds shall be deposited to the City funds which advanced the cost of the construction of the sanitary sewer system serving the properties assessed herein and may be used to reimburse the City for its costs in constructing said sanitary sewer system or to retire any indebtedness incurred by the City for that purpose. Section ll. The matters contained in this Ordinance affect the public health, safety and welfare concerning the City's ability to continue to finance the construction of sanitary sewers using its sewer utility funds. Therefore, an emergency is hereby declared to exist, and this Ordinance shall become effective immediately upon its passage by the City Council and approval by the Mayor, retention by the Mayor for more than ten days, or readoption over a mayoral veto by two-thirds of all members of the SCES ORDINANCE Page 7