48-1212. Dissolution of community park maintenance district; disposition of property; tax for outstanding indebtedness

A. A district organized under this article which has no outstanding legal indebtedness may be dissolved on 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 board 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 boards of supervisors of the counties in which the district was located.

B. Upon dissolution of a district the property of the district which is located in the corporate limits of a city or town vests in that city or town. Other property of the district vests in the county. Any funds of the district at the time of dissolution shall be transferred to the incorporated city or town and to the county 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 boards of supervisors of the counties 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.