MJUSD
DIVISION 7000
FACILITIES
MELLO ROOS DISTRICTS
In order to form a Mello-Roos community facilities district which may issue bonds and/or levy a special tax to finance school construction, the Superintendent or designee shall recommend to the Governing Board related goals and policies addressing the following: (Government Code 53312.7)
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the priority that various facilities shall have for financing through the Mello-Roos district;
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the credit quality to be required of bond issues and criteria to be used in evaluating the credit quality;
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steps by which prospective property purchasers shall be fully informed about their related taxpaying obligations;
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criteria for evaluating the equity of tax allocation formulas;
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maximum tax burdens to be levied against any parcel; and
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definitions, standards and assumptions to be used in appraisals required by Government Code 53345.8.
The proceeds of any bonds, notes or other securities issued pursuant to the Mello-Roos Community Facilities Act shall be deposited or invested in accordance with Government Code 53356.03.
Legal Reference:
Education Code
15300-15425 School facilities improvement districts
17060-17066 Joint venture school facilities construction projects
Government Code
53311-53368.3 Mello-Roos Community Facilities Act of 1982
53753 Assessment notice and hearing requirements
53753.5 Exemptions
54954.1 Mailed notice to property owners
54954.6 New or increased tax or assessment; public meetings and hearings; notice
65970-65981 School facilities development project
65995 Levies against development projects
Code of Regulations, Title 2
1859-1859.106 School facility program
Management Resources:
Web Sites
Department of General Services, Office of Public School Construction: http://www.dgs.gov/opsc/
First Reading: 8/17/05
Governing Board Approval: 9/14/05