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5. The Facilities proposed to be financed, in whole or in part, by proceeds of the <br /> Special Tax Bonds and/or the Special Taxes nre set forth in Exhibit A. Proceeds of the Special <br /> <br /> Tax Bonds and/or Special Taxes for any given Improvement Area may be utilized to finance all <br /> <br /> or a portion of any of the Facilities set forth in Exhibit A irrespective of the location of such <br /> facilities either within or outside the boundaries of such Improvement Area. <br /> 6. The Incidental Expenses proposed to be incurred and authorized to be paid, in <br /> whole or in part, from the proceeds of the Special "fax Bonds and/or the Special Taxes aze set <br /> forth in Exhibit B. <br /> 7. Following establishment of the Proposed District, and except where funds are <br /> otherwise available, Special Taxes sufficient to pay for the costs of the Facilities and Incidental <br /> Expenses shall be annually levied within the Proposed District in accordance with the provisions <br /> of Article 5. The Rate and Method of Apportionment for the Special Taxes, as applicable to <br /> each Improvement Area, shall be as set forth in Exhibits C-1 through C-4 unless modified in <br /> accordance with Chapter 32 prior to establishment of the Proposed District. As authorized by <br /> Section 32-20(d), the Special Taxes for each Improvement Area may be prepaid and permanently <br /> satisfied upon the terms and conditions set forth in the Rate and Method of Apportionment <br /> applicable to such Improvement Area. <br /> 8. Advances of funds or contributions of work in kind from any lawful source, <br /> specifically including but not limited to the County or the Developer may be reimbursed from <br /> bond proceeds or from special tax revenr~e or both to the extent of the lesser of the value or cost <br /> of the contribution. <br /> 9. Pursuant to the terms and conditions of an Acquisition Agreement (the <br /> "Acquisition Agreement"), between the County and the Developer, the Facilities will be <br /> constructed by or at the direction of the Developer, and upon completion of construction of <br /> portions thereof to the satisfaction of the County or other entity which will become the owner <br /> thereof (the "Accepting Agency"), the Developer will be paid or reimbursed from available <br /> Special Tax Bond proceeds, if, as and when such proceeds become available to the County, for <br /> such portion of the Facilities, which will be subsequently transferred in due course to the <br /> Accepting Agency in accordance with the established procedures of such Accepting Agency, all <br /> in accordance with the terms, conditions and procedures set forth in the Acquisition Agreement. <br /> In addition, the Developer will be reimbursed for all amounts advanced by the Developer to the <br /> Accepting Agency with respect to Facilities to be constructed by the Accepting Agency in <br /> accordance with and subject to the terms, conditions and procedures set forth in the Acquisition <br /> Agreement. <br /> 10. The Petition has been filed by the sole owner of all of the land in the Proposed <br /> District, and there are no lessees for such land. Accordingly, pursuant to Section 32-24, the <br /> Council determines that it is unnecessary to conduct a public hearing or give notice of public <br /> hearing prior to the adoption of an ordinance of formation for the Proposed District. Pursuant to <br /> the Petition, the owner of the land within the Proposed District will conduct a public <br /> informational workshop and provide a report to the Council prior to the adoption by the Council <br /> of the ordinance of formation establishing the Proposed District. <br /> 3 <br /> <br />