SECTIONS 36550-36551 - California Statutes

STREETS AND HIGHWAYS CODE

SECTION 36550-36551

36550. (a) The city council may disestablish an area by adopting an
ordinance after holding a public hearing on the disestablishment, as
provided in this section.
(b) The city council shall adopt a resolution of intention to
disestablish the area prior to the public hearing required by this
section. The resolution shall state the reason for the
disestablishment, shall state the time and place of the public
hearing, and shall contain a proposal to dispose of any assets
acquired with the revenues of the assessments levied within the
parking and business improvement area. The public hearing shall be
held not less than 20 or more than 30 days after the adoption of the
resolution of intention. Notice of the public hearing shall be
published as provided in Section 36523.

36551. (a) Upon the disestablishment of an area, any remaining
revenues derived from the levy of assessments, or any revenues
derived from the sale of assets acquired with the revenues, shall be
refunded to the owners of the businesses then located and operating
within the area in which assessments were levied by applying the same
method and basis that was used to calculate the assessments levied
in the fiscal year in which the area is disestablished.
(b) If the disestablishment occurs before an assessment is levied
for the fiscal year, the method and basis that was used to calculate
the assessments levied in the immediate prior fiscal year shall be
used to calculate the amount of any refund. Notice of the
disestablishment of an area shall be published once in a newspaper of
general circulation in the city, not later than 15 days after the
ordinance disestablishing the area is adopted.