S.B. 689

VETOES

(I)       CREATE A COMMUNITY DEVELOPMENT AUTHORITY;

(II)     LEVY AD VALOREM OR SPECIAL TAXES OR FEES; AND

(III)    ISSUE BONDS AND OTHER OBLIGATIONS.

(2) THE PURPOSE OF A COMMUNITY DEVELOPMENT AUTHORITY
ESTABLISHED UNDER PARAGRAPH (1) OF THIS SUBSECTION IS TO PROVIDE
FINANCING, REFINANCING, OR REIMBURSEMENT FOR THE COST OF DESIGN,
CONSTRUCTION, ESTABLISHMENT, EXTENSION, ALTERATION, OR ACQUISITION OF
ADEQUATE STORM DRAINAGE SYSTEMS, SEWERS, WATER SYSTEMS, ROADS,
BRIDGES, CULVERTS, TUNNELS, STREETS, SIDEWALKS, LIGHTING, PARKING, PARKS
AND RECREATION FACILITIES, FACILITIES FOR INDOOR AND OUTDOOR
RECREATIONAL AND CULTURAL USES, ENTRANCE AREAS, SECURITY FACILITIES,
GUARD HOUSES, FENCING, LANDSCAPING IMPROVEMENTS, CURBS AND GUTTERS,
MUSEUMS AND CULTURAL FACILITIES, DAMS, FLOOD MITIGATION USES, LIBRARIES,
TRANSIT FACILITIES, SOLID WASTE FACILITIES, AND OTHER INFRASTRUCTURE
IMPROVEMENTS AS NECESSARY, WHETHER SITUATED WITHIN THE COMMUNITY
DEVELOPMENT AUTHORITY OR OUTSIDE THE COMMUNITY DEVELOPMENT
AUTHORITY, IF THE INFRASTRUCTURE IMPROVEMENT IS REASONABLY RELATED
TO OTHER INFRASTRUCTURE IMPROVEMENTS WITHIN THE COMMUNITY
DEVELOPMENT AUTHORITY, FOR THE DEVELOPMENT AND UTILIZATION OF THE
LAND, EACH WITH RESPECT TO ANY DEFINED GEOGRAPHIC REGION WITHIN THE
COUNTY.

(C)     (1) NOTWITHSTANDING ANY OTHER PROVISION OF PUBLIC LOCAL LAW
OR PUBLIC GENERAL LAW, AND IN ADDITION TO OTHER POWERS THAT THE
COUNTY MAY HAVE, THE COUNTY COMMISSIONERS MAY BORROW MONEY BY
ISSUING AND SELLING BONDS FOR ANY OF THE PURPOSES STATED IN SUBSECTION
(B)(2) OF THIS SECTION IF A REQUEST IS MADE BY BOTH:

(I)      THE OWNERS OF AT LEAST TWO-THIRDS OF THE ASSESSED
VALUATION OF THE REAL PROPERTY LOCATED WITHIN THE COMMUNITY
DEVELOPMENT AUTHORITY; AND

(II)     AT LEAST TWO-THIRDS OF THE OWNERS OF THE REAL
PROPERTY LOCATED WITHIN THE COMMUNITY DEVELOPMENT AUTHORITY,
PROVIDED THAT:

1.        MULTIPLE OWNERS OF A SINGLE PARCEL ARE TREATED
AS ONE OWNER; AND

2.        A SINGLE OWNER OF MULTIPLE PARCELS IS TREATED AS
ONE OWNER.

(2) THIS SECTION IS SELF-EXECUTING AND DOES NOT REQUIRE THE
COUNTY COMMISSIONERS TO ENACT LEGISLATION TO EXERCISE THE POWERS
GRANTED UNDER THIS SECTION.

(D)     (1) ANY BONDS ISSUED UNDER THIS SECTION SHALL BE PAYABLE FROM
THE SPECIAL FUND REQUIRED UNDER SUBSECTION (E) OF THIS SECTION.

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