The resolution of intention to annex the territory shall do all of the following:
A. State the name of the existing Community Taxing District;
B. Generally describe the territory included in the existing District and the territory proposed to be annexed;
C. Specify the types of facilities and/or services provided pursuant to this Chapter in the existing District and the types of facilities and/or services to be provided in the territory proposed to be annexed; and include a plan for sharing facilities and providing services that will be provided in common with the existing District and the territory proposed to be annexed;
D. Specify any special taxes that would be levied within the territory proposed to be annexed to pay for facilities and/or services provided pursuant to this Chapter within that territory. A special tax proposed to pay for services to be supplied within the territory proposed to be annexed shall be equal to any special tax levied to pay for the same services in the existing District, except that a higher or lower tax may be levied within the territory proposed to be annexed to the extent that the actual cost of providing the services in that territory is higher or lower than the cost of providing those services in the existing District. A special tax proposed to pay for facilities financed with Debt secured by the existing Community Taxing District shall be the same as the tax levied in the existing District for that purpose, except that a higher special tax may be levied for that purpose within the territory proposed to be annexed to compensate for the interest and principal previously paid by the existing Community Taxing District, less any depreciation allocable to the facility as determined by the Council in its sole discretion;
E. Specify any alteration in the special tax rate levied within the existing Community Taxing District as a result of the proposed annexation. The maximum tax rate in the existing Community Taxing District may not be increased as a result of proceedings pursuant to this subdivision;
F. Fix a time and place for a hearing upon the resolution which shall not be less than ten nor more than sixty days after the adoption by the Council of the resolution of intention to annex territory pursuant to Section 6.740.
SECTION HISTORY
Added by Ord. No. 177,051, Eff. 11-20-05.