(a) If the council determines to establish the district, it shall approve an ordinance of formation. The ordinance of formation shall contain the following, but no provision which was successfully protested pursuant to § 27-2.9 shall be included:
(1) The name of the district;
(2) The term of the district;
(3) The boundaries of the district;
(4) The special improvements to be financed by the district;
(5) The incidental expenses to be paid from the special tax;
(6) The rate and method of apportionment of the special tax levied within the district;
(7) The principal amount of bonds to be issued for financing the special improvements of the district; and
(8) Any other information required by this chapter.
(b) When the ordinance of formation is passed on third reading, the council shall determine whether all proceedings were valid and in conformity with the requirements of this chapter. If the council so determines, it shall make a finding to that effect. The finding shall be final and conclusive.
(1990 Code, Ch. 34, Art. 2, § 34-2.11) (Added by Ord. 96-18)