CHAPTER 8. Deferral of Assessments [10700. - 10706.]

Chapter 8 added by Stats. 1984, Ch. 1298, Sec. 29.

§§ 10700–10706 · 7 sections

• § 10700 Notwithstanding any other law, the legislative body may determine, by resolution, to allow landowners to defer payment of their assessments pursuant to this…
• § 10701 The legislative body may determine criteria that property owners must meet to qualify for deferral, and may determine procedures to ensure that the criteria…
• § 10702 No deferral arrangement may restrict, reduce, or eliminate any remedy of a bondholder provided by this division in the event of a default.
• § 10703 Deferral may be provided through a year-to-year agreement between the city and an eligible property owner, which provides that the city will make assessment…
• § 10704 Alternatively, the city may create a deferral fund for the assessment district, and deposit into the deferral fund an amount sufficient to pay the asessments…
• § 10705 A city may increase the principal amount of bonds issued under this division by an amount sufficient to fund a program pursuant to this chapter. The proceeds…
• § 10706 The amount of any deferred assessments, including interest at a rate determined by the legislative body, shall be due and payable whenever the parcel of…