Not earlier than 30 days after the adoption of the Ordinance of Intention to establish the proposed district, and if there is no majority protest as described in Section 6.609, and after the effective date of the Ordinance of Intention, the City Council shall adopt an Ordinance consistent with the Ordinance of Intention. The adoption of the Ordinance establishing the district and levying the assessment, or if the district has been previously established, levying the new assessment, and recordation of the notice and map pursuant to Section 6.610 above, shall constitute the levy of an assessment in each of the fiscal years referred to in the Management District Plan. This Ordinance shall contain all of the following:
1. A summary of the Management District Plan.
2. The number, date of adoption, and title of the Ordinance of Intention.
3. The time and place where the public hearing was held concerning the establishment of the district or the levying of a new assessment.
4. A determination regarding any protests received.
5. A statement that a LPM PBID has been established.
6. A statement that the improvements and activities to be provided in the district will be funded by the levy of assessments. The revenue from the levy of assessments within a district shall not be used to provide improvements or activities outside the district or for any purpose other than the purposes specified in the Ordinance of Intention, as approved, or as modified and approved, by the City Council at the hearing concerning the establishment of the district.
7. A finding that the property within the LSPM PBID will be benefitted by the improvements and activities funded by the assessment to be levied.
8. A statement, if applicable, that a completion bond will be required for any improvements constructed by the district and that a continuing assessment in an amount sufficient to maintain the improvement throughout its useful life, as determined by the City Clerk, will be levied on each parcel within the district regardless of whether the district is disestablished or the term of the original levy has expired.
SECTION HISTORY
Added by Ord. No. 173,167, Eff. 5-15-00.