Ord 1996-005 - Laserfiche WebLink

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B. A budget for the first Fiscal Year commencing after formation of the Maintenance District in accordance with Section 2 -5 -455 of this Chapter. The budget shall include a statement of the sources and uses of funds of the Maintenance District and an estimate of the total Costs and Expenses of Maintenance of the Improvements during the first Fiscal Year after formation of the Maintenance District. If Maintenance of the Improvements will commence during the Fiscal Year then in progress at the time of the formation proceedings, the budget may include the estimated Costs and Expenses of Maintenance of the Improvements for that portion of the Fiscal Year then in progress, as well as the estimated Costs and Expenses of Maintenance of the Improvements for the first Fiscal Year after formation of the Maintenance District. C. A statement of the formula or method by which the Director proposes to allocate the Costs and Expenses of Maintenance among the parcels to be specially assessed. The Costs and Expenses may be apportioned by any method or formula which fairly and equitably distributes them on the basis of the estimated benefits to be received by each parcel from the Maintenance of the Improvements or portions thereof. For this purpose, the Maintenance District may be divided into zones of benefit, the boundaries of which shall then be shown on the assessment diagram. The statement shall also include a statement of the formula or method by which the amount of the assessment to be levied upon parcels which are newly created after formation of the Maintenance District (whether by recorded map or other lawful procedure recognized by the County Assessor for Assessor's Parcel Map purposes) will be established. D. An assessment roll containing: 1. the assessment number assigned on the assessment diagram to each parcel to be specially assessed, which assessment number may be the County Assessor's Tax Parcel Number; 2. if the County Assessor's Tax Parcel Number is not used as the assessment number, the assessment roll shall also contain the corresponding County Assessor's Tax Parcel Number; 3. the amount of each proposed assessment for the first Fiscal Year after formation of the Maintenance District (which amount may include Costs and Expenses for the portion of the Fiscal Year then in progress during the formation proceedings); and 4. the amount of the maximum annual assessment which may be levied upon parcels in the Maintenance District in any Fiscal Year. 5