9100-9107

STREETS AND HIGHWAYS CODE
SECTION 9100-9107




9100.  When the contract between the city and 75 percent or more of
the bondholders has been entered into, the legislative body shall
direct the auditor to submit a complete and accurate statement
showing the following:
   (a) The total principal amount of the outstanding bonds of the
issue to be refunded.
   (b) The numbers of the bonds.
   (c) The amounts of the due and unpaid interest coupons of the
bonds.
   (d) The several assessments remaining unpaid and the time in which
they become due, together with the interest and penalties on any
unpaid installments thereof.
   (e) The amount of each reassessment and description of the
property upon which such reassessment is proposed to be levied.



9101.  The amount of the reassessment upon any parcel of land shall
be computed by the auditor in the following manner:
   (a) Subtract from the total amount of unpaid assessments including
interest and penalties thereon, if any, on all lands to be
reassessed, the amount of the total proposed reassessment.
   (b) Prorate the amount of the remainder so ascertained by
subtraction, among the respective parcels to be reassessed in
accordance with the amounts assessed against each of the parcels in
the original assessment.
   (c) Subtract the amount so prorated upon any parcel from the total
amount of the unpaid assessment, with interest and penalties
thereon, if any, on that parcel and the remainder shall constitute
the proposed reassessment on such parcel.



9102.  As an alternative method of apportioning the reassessments,
the legislative body, if it determines that it appears that the
assessments upon some of the lands to be reassessed seem excessive
and not in proportion to benefits, may by resolution direct that the
superintendent of streets spread the proposed reassessment upon the
parcels of land to be reassessed in accordance with the benefits
derived from the acquisition or improvement, or acquisition and
improvement, to pay for which the outstanding bonds were issued. If
the alternative method of apportioning is used the superintendent of
streets shall estimate for each parcel to be reassessed the benefits
derived from the acquisition or improvement, or acquisition and
improvement, to pay for which the outstanding bonds were issued, and
shall credit to each parcel all amounts paid upon the assessment
(excluding penalties and interest), and the balance remaining after
these amounts have been credited shall be the amount of the
reassessment upon the parcel.


9103.  When the reassessment has been spread under the alternative
method, it shall be filed with the auditor and the auditor shall
include it in his statement in lieu of the reassessment computed by
him.


9104.  The amount of the reassessment upon any parcel shall not
exceed the unpaid amount of the original assessment upon that parcel
and the unpaid annual interest thereon.



9105.  Tax-deeded land shall be subject to reassessment.



9106.  Any parcel of land subject to the lien of any assessment
securing bonds to be refunded pursuant to this division which has
been deeded to any city or other political subdivision or public
corporation for delinquent taxes or for delinquent taxes and
assessments shall be subject to reassessment under this division. The
legislative body of the city or other political subdivision or
public corporation may consent to the refunding and reassessment
under this division and may do any and all acts and things necessary
or convenient to accomplish the refunding of the outstanding bonds.



9107.  All money appropriated by the city or county to assist in
refunding shall be credited upon the reassessment and shall reduce
each of the reassessments therein and shall be prorated among the
respective parcels reassessed in accordance with the amounts assessed
against each of the parcels in the original assessment.