Before city council considers the adoption of a resolution of intention to form the district, a report shall be filed with the city clerk and forwarded to the planning commission and city council for review. The report shall contain:
A. An analysis of the information contained in the petition;
B. An estimate of the annual cost and expense of maintenance of the open space areas which benefit property within the proposed district;
C. A diagram or map showing the boundaries of the district proposed to be assessed and generally locating the improvements to be constructed and/or maintained. (Prior code § 7073.6)