48-6007. Dissolution of recreational corridor channelization district; disposition of property; tax for outstanding indebtedness

A. A district that is organized under this chapter and that has no outstanding legal indebtedness may be dissolved after a vote of a majority of the registered voters of the district at a special election called by the board of directors on the question of dissolution. If a majority of the votes cast favors dissolution, the district shall submit to the county board of supervisors and cities or towns in which the district is organized a detailed statement showing the lands owned by the district and the political jurisdictions in which they are located. The district shall also submit an audited statement showing that the district has no unpaid legal or other indebtedness or contingent liabilities, including claims for damages or injuries. After the board of supervisors has received this information and found the dissolution to be in the best interest of the public, the board of directors shall by resolution declare the district dissolved. Within fifteen days after its adoption, a certified copy of the resolution shall be filed with the clerk of the board of supervisors of the county in which the district was located.

B. On dissolution of a district, ownership of any property owned by the district and developed as a recreational corridor shall be transferred without compensation to the county, city or town in which it is located if the county, city or town agrees in writing to accept the property. Before dissolution, the district shall sell any property not transferred to the county, city or town. Any monies of the district at the time of dissolution shall be held by the county for two years and, if not needed to pay any indebtedness or contingent liabilities of the district, shall be transferred to the county, city or town in which the district lies in direct proportion to the assessed valuation of taxable real property within the city, town or county, respectively, as it appears on the current assessment rolls.

C. After dissolution of a district, if it appears that there remains unpaid a legal indebtedness, the board of supervisors of the county in which the district was located shall levy a tax on the real property within the district, as it existed at the time of dissolution, sufficient to pay the indebtedness and interest on the indebtedness and shall pay the indebtedness and interest from the proceeds of the tax.