§ 17437. — 17437. (Added by Stats. 1996, Ch. 277, Sec. 3.)

California § 17437.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 1.
• Title 1.: DIVISION 1. GENERAL EDUCATION CODE PROVISIONS
• Part 10.5.: PART 10.5. SCHOOL FACILITIES
• Ch. 4.: CHAPTER 4. Property: Sale,Lease, Exchange
• Art. 2.5.: ARTICLE 2.5. Leasing Facilities

Text

The resolution ordering implementation of the school facilities plan shall state the following:
(a)
A legal description of the real property to which an owner’s development lien is to be imposed.
(b)
The names of all owners of record of the real property to which an owner’s development lien is to be imposed.
(c)
The total amount of the owner’s development lien to benefit the school district as described in subdivision (g) of Section 17434.
(d)
The real property described in the resolution shall be subject to an owner’s development lien for a pro rata share on each acre or portion thereof pursuant to this article or any other amount as herein provided.
(e)
That all owners of the real property described in the resolution have agreed on their behalf and on behalf of their successors in interest to pay the designated share of the owner’s development lien, have acknowledged that such agreement constitutes a covenant running with the land pursuant to Section 17431, have agreed that the obligation created is secured by the owner’s development lien as provided in this article, and have consented to the implementation of the owner’s development lien.
(f)
That a lease or agreement will be entered into with a nonprofit corporation.

Legislative History

Added by Stats. 1996, Ch. 277, Sec. 3. Effective January 1, 1997. Operative January 1, 1998.