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Ordinance No. 19253
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Ordinance No. 19253
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Last modified
6/10/2010 3:43:47 PM
Creation date
4/6/2009 3:20:00 PM
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Council Ordinances
CMO_Document_Number
19253
Document_Title
Regarding Downtown Dev. Dist.; authorizing a tax levy of $190,000; satisfying debt due the District fund (#113) from 10th & Oak Overpark Fund (#521); adjusting the tax liability of individual property within the District for satisfaction of debt.
Adopted_Date
6/11/1984
Approved Date
6/11/1984
CMO_Effective_Date
7/12/1984
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/9zs s <br />in the public interest for the City to adjust the 10th & Oak <br />Overpack special benefit assessments; to extin wish the liens <br />9 for <br />the 14th & Oak Overpack special benefit assessments; to settle <br />the debt of the .10th & Oak Overpack Fund ~No. 521} to the Down- <br />town Development District Fund ~No. 113}; and to close and <br />distribute the 14th & Oak Overpack Fund No. 521 . <br />~ } <br />7. Based on the January 24, 1984 recommendation of the <br />Downtown Commission, on March 12, 1984, the City Council: <br />~a} Directed the City staff to make calculations <br />necessary for adjusting the 10th & Oak Overpack special bene-~ <br />fit assessments and rebating the 10th & Oak Overpack excess <br />net operating revenues. <br />tb} Adapted Resolution No. 3838 calling for the redemp- <br />tion of outstanding unpaid 10th & Oak Overpack Improvement <br />Bonds and directing funds be deposited with the Cit ~s fiscal <br />Y <br />agent far the redemption. <br />~c} Adopted Ordinances No. 19232 and No. 19233 which <br />amended the City Code to limit the obligations of the loth & <br />Oak Overpack Fund ~No. 521} , to facilitate adjustment of the <br />10th & Oak Overpack special benef~.t assessments, and to <br />facilitate satisfaction of the debt of the 10th & Oak Over- <br />park Fund ~No. 521} to the Downtown Development District Fund <br />~No. 113} . <br />8 . On May 15 , 1984 , the electors of the City authorized the <br />Page 3 -~ Ordinance <br />
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