§ 40-51. District revenue and budget.

(a)

District budget.

(1)

The district shall adopt an annual budget at a general meeting of property owners, present or by proxy, and shall file the budget with the Director of Finance on or before February 1 each year. The annual budget may be amended as provided in the bylaws of the district. Amended budgets must be filed with the Director of Finance within fifteen (15) days of adoption.

(2)

Upon the adoption of the interim budget the Board of Commissioners shall recommend to the City Council a levy upon taxable interests in real property within said district. Thereafter the Board of Commissioners shall recommend to the City Council, on or before April 1st of each year, a levy upon taxable interests in real property within such district. In accordance with C.G.S. § 7-339r(d), it shall be the obligation of the City Council to impose the recommended levy as a municipal levy and such levy shall be in addition to the regular municipal levy and it shall be the obligation of the City to collect such levy for the benefit of the district.

(3)

Said budget shall include an amount to reimburse the City of Danbury for ordinary, customary and usual charges incurred by the City for those services performed on behalf of the special services district, such as preparing and mailing tax bills, collection of taxes and accounting services. Any controversy or dispute arising out of the amount claimed by the City of Danbury as reimbursement for said services shall be settled by arbitration in accordance with the rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.

(b)

Collection of levy.

(1)

The levy upon taxable interests in real property in the district shall be due and payable in four (4) parts, on July 1, October 1, January 1, and April 1, following the adoption of the levy for the fiscal year. On or before July 1 each year, the Tax Collector of the City of Danbury shall bill holders of taxable interest in real property in the district.

(2)

Delinquent interest charges shall be assessed on late district tax payments and shall be computed in the same manner as used for establishing delinquent charges on regular property tax bills of the City.

(3)

The Tax Collector of the City of Danbury shall collect the district tax, interest charges, and any other revenue of the district and shall deposit said monies received in a special revenue fund of the City to be maintained by the Treasurer of the City for the benefit of the district.

(c)

Disbursement of funds.

(1)

No disbursement shall be made from said fund except in compliance with chapter VI, section 6-1 of the Revised Charter of the City of Danbury as the same may be amended from time to time; and provided further, that said disbursement is based upon the written request of a duly authorized representative of the district and only in accordance with the then-current approved annual budget of the Board of Commissioners of the district. The district shall set forth in its bylaws procedures for approving disbursements of funds and for requesting such disbursements from the City, including, but not limited to, a procedure approved by the Treasurer of the City of Danbury whereby, upon the request of a duly authorized representative of the district, the Treasurer of the City shall issue checks payable to a special bank account established by the Board of Commissioners and upon which account duly authorized members or agents of the Board of Commissioners may issue checks, provided said disbursements are in accordance with the then-current annual budget of the Board of Commissioners of the district.

(2)

All orders on contracts for expenditures approved by the Board of Commissioners on behalf of the district which meet the criteria established in C.G.S. § 7-339q shall be awarded to the lowest responsible bidder only after public invitation to bid, which shall be advertised in the newspaper having circulation in such special services district.

(Code 1961, § 19B-7; Ord. No. 353, 7-7-1987; Ord. No. 413, 3-5-1991)