Ord 2011-054 - Laserfiche WebLink

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(3) Interest during construction and capitalized interest shall be allowed to the full extent of the state law for all costs that qualify for bond financing. (4) Other non - construction costs allowed for bond financing are fiscal agent fees, legal fees and administration, organizational expense and printing the bonds, as allowed by state law. (c) Bonded amenities. Additional bonding authority may be used as the city council specifies for any of the following items. The city council must approve the need for each item, the site location and design. The aggregate of the city requirements shall be limited by the economic viability of utility district. Bonded authority for any land under this section shall be based on raw land cost and carrying expenses. (1 2) Fire station sites. (2 3) Parklands, nature preserves, ^reek ^r°s °M ^tier easeme hike and bike trails, lakes and greenbelts in addition to those required by the city. (3 4) Water quality monitoring stations, holding ponds and stormwater treatment facilities. (4 -5) Other items that might be mutually agreed upon by the city council and the petitioners and that are permitted by the state. (d) Nonbonded amenities. The following amenities are required and shall not be financed by the issuance of bonds or by the incurrence of debt by the utility district: (1) Traffic control signs and devices constructed within the utility district. Sidewalks, installed in accordance with e hapte the CITY OF SAN MARCOS LAND DEVELOPMENT CODE -1-W. (e) Bonds, including refunding bonds issued by the district shall unless otherwise agreed to by the City, comply with the following requirements provided such requirements do not eg nerally render the bonds unmarketable: