SECTIONS 59410-59413 - California Statutes

GOVERNMENT CODE

SECTION 59410-59413

59410. When no appeal is taken or when the orders and
determinations of the legislative body upon appeal have been complied
with and it is satisfied with the correctness of the assessment, it
shall forthwith by resolution preliminarily confirm the proceedings,
the assessment and diagram, and the proposals.

59411. In the resolution the legislative body shall determine:
(a) The amount for which each issue of original bonds are to be
acquired.
(b) The amount of the reassessment.
(c) The number of years for which the new bonds are to be issued.
(d) The interest rate on the new bonds.

59412. Before the legislative body may proceed after the
preliminary confirmation or finally confirm the proceedings,
including the diagram, assessment, and proposals, there shall be
filed with the clerk written consents to the assessment readjustment
and bond refunding proceedings as preliminarily confirmed and to the
readjustment of the assessments and the refunding of the bonds
pursuant to such proceedings. The consent shall be signed by the
owners of a majority in area of the lands in:
(a) Each district whose bonds are to be acquired.
(b) The new district.

59413. The State Controller may sign any consent to the refunding
and reassessment for the State and the board of supervisors of the
county in which the property lies may consent to the refunding and
reassessment by resolution. If pursuant to law a city or other
municipal or public corporation has acquired title to property within
the district for nonpayment of taxes, its legislative body may
consent to the refunding and reassessment.