In connection with proceedings for the formation of Mello-Roos community facilities districts ("CFD" or "CFDs") and the imposition of special tax liens pursuant thereto and in connection with proceedings for the formation of assessment districts ("AD" or "ADs") and the imposition of assessment liens pursuant thereto, the following notice and disclosure requirements shall apply:
(a)
In addition to the notice requirements set forth in the provisions of the laws of the State of California (the "state") relating to proceedings of the city to be taken in connection with ADS and CFDS, the city clerk shall post a notice of the pendency of such proceedings and the imposition of special tax liens or assessments liens (as applicable for each such district) against real property located within the city and each such district in a conspicuous and public location within the city's administrative complex during the period beginning with commencement of such proceedings and ending upon completion of all action required to be taken by the city in connection therewith.
(b)
For new improvement areas to be developed within the city, at the time procedures are commenced by a developer in connection with the processing of plans and maps for each such improvement area by the city, the developer of such improvement area shall be required to disclose whether CFD and/or AD financing will be requested, the estimated amount thereof and the estimated date when CFD or AD proceedings are expected to be commenced. All maps processed by the city for such developments shall have a notation endorsed thereon relating to the proposal to undertake or, if pending, the pendency of, such CFD or AD proceedings.
(Ord. 1656 § 1)