A proposed ordinance terminating the district shall do all of the following:
(1) State the name of the district;
(2) Describe the boundaries of the district;
(3) Identify the proposed termination date of the district;
(4) Give a narrative justification for the proposed termination;
(5) With respect to bonds issued to finance improvements for the district:
(A) Guarantee the payment of the bonds before the termination of the district; or
(B) Establish a method by which the bonds will be paid after the termination of the district;
(6) With respect to incidental expenses accrued for the district:
(A) Guarantee the payment of the incidental expenses before the termination of the district; or
(B) Establish a method by which incidental expenses, if any, will be paid after the termination of the district; and
(7) With respect to supplemental services expenses accrued for the district:
(A) Guarantee the payment of the supplemental services expenses before the termination of the district; or
(B) Establish a method by which supplemental services expenses, if any, will be paid after the termination of the district.
(1990 Code, Ch. 36, Art. 6, § 36-6.3) (Added by Ord. 00-13)