Any facilities district organized pursuant to this part 5 may be dissolved after notice is given, publication is made, and a hearing is held in the manner prescribed by sections 24-90-506 and 24-90-507. The dissolution shall be commenced with a filing by the governing body with the clerk or secretary of the governing body of a resolution of the governing body approving the dissolution. After hearing any protest against or objection to the dissolution, and if the governing body determines that it is for the best interests of all concerned to dissolve the facilities district, the governing body shall so provide by an effective resolution, a certified copy of which shall be filed in the office of the county clerk and recorder in each county in which the facilities district or any part of the facilities district is located. Upon the filing, the dissolution shall be complete. However, no facilities district shall be dissolved until it has satisfied or paid in full all outstanding indebtedness, obligations, and liabilities issued to provide library capital facilities or until funds are on deposit and available therefor.
Source: L. 2003: Entire part added, p. 2474, § 29, effective August 15.
Structure Colorado Code
Part 5 - Library Capital Facilities Districts
§ 24-90-502. Legislative Declaration
§ 24-90-504. Authority of Governing Body
§ 24-90-505. Organization - Preliminary Resolution
§ 24-90-506. Notice of Hearing - Disqualification of Member of Governing Body
§ 24-90-507. Hearing - Resolution - When Action Barred
§ 24-90-508. Recording of Resolution Establishing Area
§ 24-90-509. Governing Body - Meetings
§ 24-90-510. General Powers of Facilities District
§ 24-90-511. Power to Levy Taxes
§ 24-90-512. Determining and Fixing Rate of Levy
§ 24-90-513. Levies to Cover Deficiencies
§ 24-90-514. County Officers to Levy and Collect Taxes - Lien
§ 24-90-515. Property Sold for Taxes
§ 24-90-516. Governing Body Can Issue Bonds - Form
§ 24-90-517. Dissolution Procedures