At the conclusion of the hearing, and provided there is no majority protest or a majority protest is overruled, the city council may adopt a resolution ordering designation of the area of benefit and the establishment of the amount of the facilities benefit assessment(s) to be imposed upon each parcel of property within the area of benefit. The resolution shall include the following:
A. A definitive description of the public facilities project(s), the cost of which is to be imposed upon the properties within the area of benefit;
B. A capital improvement program with respect to the public facilities project(s);
C. The boundaries of the area of benefit;
D. The method pursuant to which the costs are to be apportioned among the parcels within the area of benefit in proportion to the benefits to be received by those parcels, and the amount of the facilities benefit assessments which will be imposed upon each such parcel;
E. The basis and methodology by which automatic annual increases in the facilities benefit assessment will be computed, assessed and levied, without the necessity for further proceeding pursuant to Section 3.120.140 of this chapter, if, in the discretion of the city council, such automatic annual increases are determined to be necessary;
F. The amount of the contribution or advance, if any, which the city or other governmental entity will make toward the total cost. (Prior code § 39.01.010)