The purpose of this chapter is to establish a procedure for financing certain public and private improvements and maintenance and services to serve the Chula Vista Bayfront project through the establishment of a Bayfront project special tax financing district, the levy and collection of special taxes therein by such district and the issuance of bonds of such district secured by such special taxes for the purpose of financing convention center facilities and certain other public improvements.

The City Council intends to permit the financing of public services and public and private improvements pursuant to the authorization and procedure set forth in this chapter, as well as by any other method permitted by law. This chapter is enacted pursuant to the powers reserved to the City under Sections 3, 5, and 7 of Article XI of the California Constitution and the City Charter. (Ord. 3458 § 2, 2019).