§ 2.40. INCLUSION OF LANDLORD PASSTHROUGH LANGUAGE.

Latest version.

Any proposal for bonded indebtedness submitted pursuant to this Article shall include, as a provision of the ordinance submitting such proposal to the voters, language incorporating and authorizing the 50 percent passthrough of the change in a landlord's property tax resulting from the repayment of such indebtedness as provided in Administrative Code Section 37.3(a)(6).
A resolution determining that the public interest or necessity demands the acquisition, construction or completion of the specific public improvement to be financed under such a proposal, submitted to the Board pursuant to Section 2.31, shall contain a separate statement that the ordinance submitting such proposal to the voters shall comply with this Section.
(Added by Ord. 252-06, File No. 061183, App. 10/11/2006)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');