The initial proceeding for defining an assessment area and imposition of a local improvement and essential service assessment shall be the City Commission’s adoption of an initial local improvement and essential service assessment resolution. The initial local improvement and essential service assessment resolution shall:
(A) Describe the property to be located within the proposed assessment area;
(B) Describe the local improvement and essential service proposed for funding from proceeds of the local improvement and essential service assessments;
(C) Estimate the capital cost, project cost and operating cost;
(D) Describe with particularity the proposed method of apportioning the capital cost, project cost and operating cost among the parcels of property located within the proposed assessment area, such that the owner of any parcel of property can objectively determine the number of assessment units and the amount of the assessment;
(E) Describe the provisions, if any, for acceleration and prepayment of the assessment;
(F) Describe the provisions, if any, for reallocating the assessment upon future subdivision; and
(G) Include specific legislative findings that recognize the fairness provided by the apportionment methodology.
(Ord. 1166, passed 6-2-05)