Ord84 1895 - Laserfiche WebLink

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be determined in the proceedings in which jurisdiction is provided for the use of such alternative procedure. 3.02. Resolution of Intention. The resolution of intention to order work done or improvements made or said separate resolution, declared pursuant to Section 2.02, shall contain a statement of the formula or formulae upon and by which annual assessment levies for the payment of said costs and expenses will be apportioned according to benefits among the several lots or parcels of property within the maintenance district and the zones of benefit, if any, to be established therefor. Said formula or formulae may prescribe a maximum rate or amount of annual benefit assessment to be levied for such purposes. Said resolution shall direct the city manager to cause to be annually prepared a budget for the costs and expenses of maintaining and operating any or all of said improvements during the ensuing fiscal year. 3.03. Budget - Contents. The city manager annually shall cause to be prepared a budget for the costs and expenses of maintaining and operating any or all of said improvements of a local nature during the ensuing fiscal year which shall include the following: (1) The gross amount required for the costs and expenses of maintaining and operating said improvements; (2) The surplus balance available at the end of the fiscal year for such purpose; (3) The amount, if any, to be contributed by the ci ty to pay any part of said costs and expenses; (4 ) 'rhe amoun t , if any, to be repaid to the ci ty for funds advanced by the city to pay deficits which occurred in prior years; and (5) The net balance of the amount necessary to pay said costs and expenses. 3.04. Annual Benefit Assessment. The amount provided in Section 3.03 (5) hereof shall be raised by an annual benefit assessment on all of the lots or parcels of property within the maintenance district. -3- .-.-.". --...--