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05/23/2005 <br />(b) A property owners election is hereby called upon the question of <br />approval of the levy of assessments for fiscal year July 1, 2005 - June 30, 2006, and <br />continuing through fiscal year July 1, 2009 — June 30, 2010, subject to a maximum <br />cumulative assessment equal to the sum total of the projected budgets for such 5 -year <br />period and a maximum annual assessment equal to the year with the largest projected <br />budget, without further property owners election during such 5 -year period; ballots for <br />which election shall be mailed or submitted to the City Clerk on or before the time and <br />date of the public hearing upon the proposed assessments hereinafter set forth. <br />(c) The Notice of Proposed Assessment and Property Owner Ballot to be <br />mailed to the owners of property proposed to be assessed shall be in the form of <br />Exhibit "C ", attached hereto and incorporated herein, which Notice and Ballot are <br />hereby approved. <br />(d) The Notice of Election and Hearing to be published, posted and mailed <br />to the owners of property proposed to be assessed shall be in the form of Exhibit "D ", <br />attached hereto and incorporated herein, which Notice is hereby approved. <br />(e) Public hearing upon the proposed assessments shall be held upon the <br />date and at the time and place hereinafter specified, upon the conclusion of which <br />hearing this Council shall consider all protests against the proposed assessment and <br />tabulate the ballots: <br />Date: July 11, 2005 <br />Time: 7:00 p.m. or as soon thereafter as the matter <br />Place: City Hall <br />1017 Middlefield Road <br />Redwood City, California <br />Atty /Reso /Reso.1537 14644 <br />051805 5 Muff # 507 <br />