Section 6550.2 Of Article 4. Improvement Districts From California Health And Safety Code >> Division 6. >> Part 1. >> Chapter 4. >> Article 4.
6550.2
. The formation of an improvement district shall be initiated
by a resolution of the district board which shall contain all of the
following:
(a) A description of the proposed boundaries of the improvement
district proposed to be formed.
(b) A brief general description of the project proposed to be
undertaken within such improvement district.
(c) A statement that the proposed project will be a special
benefit to such improvement district.
(d) A statement of the district board's intention to undertake the
project.
(e) An estimate of the cost of the proposed project.
(f) The method by which the proposed project is proposed to be
financed, including the amount of bonded debt, if any, to be
incurred; and, to the extent that the project is to be financed by
taxes levied in such improvement district for purposes other than the
payment of the principal of, and interest on, bonds, the proposed
maximum amount of such tax which may be levied in any year, which
maximum shall not exceed one dollar ($1) per one hundred dollars
($100) of the assessed value of the taxable property in such
improvement district.
(g) The time, place, and date for a hearing by the district board
on the matters stated in such resolution, which shall be not less
than 15 nor more than 60 days after the date of adoption of the
resolution initiating formation proceedings.