A proposed ordinance of annexation shall do all of the following:
(1) State the name and term of the existing district;
(2) Describe the boundaries of the existing district and the area proposed to be annexed;
(3) Identify the special improvements financed by the existing district, the special improvements to be financed by the area proposed to be annexed, and the special improvements to be financed in common by both;
(4) Specify the proposed new special tax which will be levied within the area proposed to be annexed; and
(5) Specify any proposed change to the special tax within the existing district as a result of the proposed annexation. The special tax rate in the existing district shall not be increased as a result of annexation proceedings pursuant to this article.
(1990 Code, Ch. 34, Art. 6, § 34-6.3) (Added by Ord. 96-18)