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Ord 2019-003/authorizing the issuance of the City of San Marcos Special Assessment Revenue Bonds, Series 2018 (Trace Public Improvement District); approving aand authorizing an Indenture of Trust, a Bond Purchase Agreement, an Offering Memorandum, a
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Ord 2019-003/authorizing the issuance of the City of San Marcos Special Assessment Revenue Bonds, Series 2018 (Trace Public Improvement District); approving aand authorizing an Indenture of Trust, a Bond Purchase Agreement, an Offering Memorandum, a
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8/15/2019 3:27:16 PM
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2/5/2019 2:38:38 PM
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Ordinances
Number
2019-03
Date
1/29/2019
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Section VIII <br />ADDITIONAL PROVISIONS <br />A. Calculation Errors <br />If the owner of a Parcel claims that an error has been made in any calculation required by <br />this SAP, including, but not limited to, any calculation made as part of any Annual Service <br />Plan Update, the owner's sole and exclusive remedy shall be to submit a written notice of <br />error to the City within 30 days of the mailing of a bill for the Annual Installment resulting <br />from the this SAP or any Annual Service Plan Update; otherwise, the owner shall be deemed <br />to have unconditionally approved the calculation. Upon receipt of a written notice of error <br />from an owner, the City shall refer the notice to the Administrator who shall provide a <br />written response to the City and the owner within 30 days of such referral. The City Council <br />shall consider the owner's notice of error and the Administrator's response, and within 30 <br />days the City Council shall make a final determination as to whether or not an error has been <br />made. If the City Council determines that an error has been made, the City Council shall take <br />such corrective action as is authorized by the Act, this SAP, the Assessment Ordinance, or the <br />Indenture, or is otherwise authorized by the discretionary power of the City Council. The <br />determination by the City Council as to whether an error has been made, and any corrective <br />action taken by the City Council, shall be final and binding on the owner and the <br />Administrator. <br />B. Amendments <br />Amendments to this SAP must be made by the City Council in accordance with the Act. To <br />the extent permitted by the Act, this SAP may be amended without notice to owners of the <br />Assessed Property: (1) to correct mistakes and clerical errors; (2) to clarify ambiguities; and <br />(3) to provide procedures to collect Assessments, Annual Installments, and other charges <br />imposed by this SAP. <br />C. Administration and Interpretation <br />The Administrator shall: (1) perform the obligations of the Administrator as set forth in this <br />SAP; (2) administer the District for and on behalf of and at the direction of the City Council; <br />and (3) interpret the provisions of this SAP. Interpretations of this SAP by the Administrator <br />shall be in writing and shall be appealable to the City Council by owners or developers <br />adversely affected by the interpretation. Appeals shall be decided by the City Council after <br />holding a public hearing at which all interested parties have an opportunity to be heard. <br />Decisions by the City Council shall be final and binding on the owners and developers and <br />their successors and assigns. <br />D. Severability <br />If any provision of this SAP is determined by a governmental agency or court to be <br />unenforceable, the unenforceable provision shall be deleted and, to the maximum extent <br />possible, shall be rewritten to be enforceable. Every effort shall be made to enforce the <br />remaining provisions. <br />21 <br />
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