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<br />6. 4A- ~4 <br /> <br />owners voted in favor of the five-year budget covering 2000-2005 and approved the <br /> <br />assessment for the years covered. <br /> <br />, . <br /> <br />(f) <br /> <br />In accordance with Section 18.104 of the Ordinance, the City Manager's <br /> <br />Report for the District has been prepared and submitted to this Council setting forth a <br /> <br />budget, the formula or formulae for the annual assessment levy and relate~. <br /> <br />information; additionally, in accordance with the provisions of Section 4(b) of Article <br /> <br />XIiID of the California Constitution, as added by Proposition 218, an Engineer's Report <br /> <br />pertaining to the assessments proposed to be levied on properties within the District, <br /> <br />accompanying the City Manager's Report, has been prepared and submitted to this <br /> <br />Council for approval. <br /> <br />(g) <br /> <br />The annual assessments proposed to be levied on properties within the <br /> <br />District, as set forth in the aforesaid Manager's and Engineer's Reports (collectively, the <br /> <br />"Reports"): <br /> <br />(i) <br /> <br />have been established pursuant to a 5-year budget for fiscal yearS <br /> <br />2005-2006 through 2009-2010, <br /> <br />(ii) <br /> <br />are subject to a maximum cumulative assessment equal to the sum <br /> <br />total of the projected budgets for such 5-year period, <br /> <br />(iii) <br /> <br />are limited to a maximum annual assessment during such 5-year <br /> <br />period equal to the year with the largest projected budget, <br /> <br />such assessments in each year to be allocated among specially benefited parcels <br /> <br />subject to assessment pursuant to the method of assessment. previously approved <br /> <br />pursuant to Resolution No. 9859. <br /> <br />Atty/Reso/Reso .1538 <br />051805 <br /> <br />3 <br />