(a) This section applies only to the City of Oakland and any infrastructure financing district proposed by the City of Oakland, as described in this section. (b) In addition to the findings and declarations in Section 53395, the Legislature further finds and declares that consolidating in a single agency the ability to capture property tax increment revenues to finance qualified public facilities in the City of Oakland will provide communitywide benefits. (c) For purposes of this section: (1) âAffected taxing entityâ means any governmental taxing agency, except Oakland and its local educational agencies, that levied or had levied on its behalf a property tax on all or a portion of the land located in the proposed district in the fiscal year prior to the designation of the district, all or a portion of which the district proposes to collect in the future under its infrastructure financing plan. (2) âBase yearâ means the fiscal year in which the assessed value of taxable property in the district was last equalized prior to the effective date of the ordinance adopted to create the district, or a subsequent fiscal year specified in the infrastructure financing plan for the district. (3) âCity councilâ means the City Council of the City of Oakland. (4) âDebtâ means loans, advances, or other forms of indebtedness and financial obligations, including, but not limited to, commercial paper, variable rate demand notes, all moneys payable in relation to the debt, and all debt service coverage requirements in any debt instrument, in addition to the obligations specified in the definition of âdebtâ in Section 53395.1. (5) âDistrictâ means any district created pursuant to this section, including any project area within a district. (6) âDistrict boardâ means the governing body for the district created pursuant to this section. The district board shall include each member of the city council and one member from each affected taxing entity, if any, that adopts a resolution approving an infrastructure financing plan pursuant to this section. If no affected taxing entity adopts a resolution approving an infrastructure financing plan pursuant to this section, the district board shall be the city council. (7) âLocal educational agenciesâ means, collectively, the Oakland Unified School District, the Peralta Community College District, and the Alameda County Office of Education. (8) âOaklandâ means the City of Oakland. (9) âProject areaâ means a defined area within a district formed under this chapter in accordance with subdivision (e). (10) âPublic facilitiesâ means facilities authorized to be financed in whole or in part by a district formed under this chapter in accordance with subdivision (e). Public facilities may be publicly owned or privately owned if they are available to and serve the general public, but shall not include any ball park for the Oakland Athletics Major League Baseball franchise. (d) (1) A district may finance the design, purchase, construction, expansion, improvement, seismic retrofit, or rehabilitation of any real or other tangible property with an estimated useful life of 15 years or longer, as described in this chapter. The facilities need not be physically located within the boundaries of the district. However, any facilities financed outside a district shall have a tangible connection to the work of the district, as detailed in the infrastructure financing plan adopted in accordance with subdivision (e). Subdivision (b) of Section 53395.3 shall not apply to the district, but the district shall only finance public facilities of communitywide significance that provide significant benefits to the district or the surrounding community. (2) A district shall not finance routine maintenance, repair work, or the costs of ongoing operation or providing services of any kind. (3) In addition to any other project authorized by this chapter, a district formed pursuant to this section may fi
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