COM 0183.095 2006-2008 - Laserfiche WebLink

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(h) Financial Records. i) The District Boazd shall maintain financial records regazding the operation and the contracts for supplemental services and improvements. ii) The District Boazd shall make such financial records available to the general public during regular business hours upon reasonable notice to the District Board. 7. Sources of Fundine. ri°`~] Generally, [T]the proposed sources of funding for all {(ij} supplemental services, {(ii}} district improvements and {(~ti}} incidental expenses of the District contemplated in this [l3istriet] Plan, shall be the sources of funding described in this section. Subject to requirements of law, the District Board may apply all monies derived from any sources of funding permitted herein towazd funding any expenditure permitted under this [l3istfist] Plan. (b)(a) Assessments. (i) Except when funds are otherwise available and except to the extent exempted by law of this District Plan, a special assessment sufficient to pay for the costs of the supplemental services and incidental expenses will be annually levied against each parcel of land in the District. Such assessments shall be called the "Assessments." (ii) The Assessment for each pazcel of land in the District for the first [saleHdar] fiscal yeaz shall be based on the following rates and method of apportionment: 1) Parcels of land within the District Zone 1, will be assessed at the rate of $1.75 for every $1,000 of "[~s~] Total Net Taxable Value" of each such parcel of land, as indicated on the County's real property tax assessment list prepared for the tax year corresponding with the applicable [calendar] fiscal year, except for the first assessment year which will be assessed on a pro-rata basis from the date of establishment. cs~c°svv°a'x] Total Net Taxable Value" means the [grass] total assessed value of a pazcel of land assessed by the real property tax office of Hawaii County, including the assessed value of any improvements on that parcel of land, less applicable exemytions. The rate of assessment applicable to each parcel of land in the District Zone 1 shall be called "Zone 1 Rate." 2) [F~] Pazcels of land within the District Zone 2, will be assessed at the rate of thirty-three and one-third percent (33- 1/3%) of the Zone 1 Rate. ATTACHMENT "I" -SHOWS PROPOSED CHANGES TO BILL 55, DRAFT 2 Page 11 of 14