In each year following its formation, prior to the time for the adoption of the city budget, the city council shall estimate the cost during the ensuing fiscal year of providing the additional maintenance services for which the maintenance benefit area was formed. The city council shall decide whether or not the costs of same shall be borne wholly or partially by said maintenance benefit area and shall fix a service fee to be charged to the owners of each parcel of real property within said maintenance benefit area sufficient to raise an amount of money to cover the costs during the ensuing fiscal year of the maintenance services for which the maintenance benefit area was formed during the ensuing year, or such portion of said amount as the city council shall determine shall be borne by said area. The city council shall fix a service fee to be charged to the owners of each parcel each year upon the real property in such maintenance benefit area sufficient to pay such expense or the portion thereof which must be paid by said maintenance benefit area. The service fee shall be fixed in accordance with the method specified for the maintenance benefit area in the resolution of intention adopted for its formation. Where the service fee as proposed for the ensuing year exceeds the service fee fixed for the then current year, notice of the hearing shall be given in accordance with the provisions of Article III of this chapter. (Prior code § 55.05.501)