Whenever the Council deems it necessary for an existing or proposed Community Taxing District to incur Debt, it shall, by resolution, set forth all of the following:
A. A declaration of the necessity for the indebtedness;
B. The purpose for which the proposed Debt is to be incurred;
C. The amount of the proposed Debt;
D. The time and place for a hearing by the Council on the proposed Debt issue.
SECTION HISTORY
Added by Ord. No. 177,051, Eff. 11-20-05.