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(b) The formation of the District, having been established prior to the enactment of Proposition 218, is hereby ratified and shall continue as an existing maintenance assessment district under the Ordinance. (c) A property owners election is hereby called upon the question of approval of the levy of assessments for fiscal years July 1, 2000 - June 30, 2001, and continuing through fiscal year July 1, 2004 — June 30, 2005, subject to a maximum cumulative assessment equal to the sum total of the projected budgets for such 5 -year period and a maximum annual assessment equal to the year with the largest projected budget, without further property owners election during such 5 -year period; ballots for which election shall be mailed or submitted to the City Clerk on or before the time and date of the public hearing upon the proposed assessments hereinafter set forth. (d) The Notice of Proposed Assessment and Property Owner Ballot to be mailed to the owners of property proposed to be assessed shall be in the form of Exhibit "C ", attached hereto and incorporated herein, which Notice and Ballot are hereby approved. (e) The Notice of Election and Hearing to be published, posted and mailed to the owners of property proposed to be assessed shall be in the form of Exhibit "D ", attached hereto and incorporated herein, which Notice is hereby approved. (f) Public hearing upon the proposed assessments shall be held upon the date and at the time and place hereinafter specified, upon the conclusion of Reno -888 5 FXS dik F /S hared/Redwood/counafl 13905 05/08/00