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8.A. - Page 15 <br /> ATTACHMENT 2 <br /> assessment district created pursuant to this part. This part does not prohibit the boundaries <br /> of a district created pursuant to this part to overlap with other assessment districts <br /> established pursuant to other provisions of law, including, but not limited to, the Parking <br /> and Business Improvement Area Law of 1989 (Part 6 (commencing with Section 36500)). <br /> This part does not prohibit the boundaries of a business assessment district created <br /> pursuant to this part to overlap with another business assessment district created pursuant <br /> to this part. This part does not prohibit the boundaries of a business assessment district <br /> created pursuant to this part to overlap with a property assessment district created <br /> pursuant to this part. <br /> (d) The improvements and activities proposed for each year of operation of the district <br /> and the maximum cost thereof If the improvements and activities proposed for each year <br /> of operation are the same, a description of the first year's proposed improvements and <br /> activities and a statement that the same improvements and activities are proposed for <br /> subsequent years shall satisfy the requirements of this subdivision. <br /> (e) The total annual amount proposed to be expended for improvements, maintenance and <br /> operations, and debt service in each year of operation of the district. If the assessment is <br /> levied on businesses, this amount may be estimated based upon the assessment rate. If the <br /> total annual amount proposed to be expended in each year of operation of the district is <br /> not significantly different, the amount proposed to be expended in the initial year and a <br /> statement that a similar amount applies to subsequent years shall satisfy the requirements <br /> of this subdivision. <br /> (f) The proposed source or sources of financing, including the proposed method and basis <br /> of levying the assessment in sufficient detail to allow each property or business owner to <br /> calculate the amount of the assessment to be levied against his or her property or <br /> business. The plan also shall state whether bonds will be issued to finance improvements. <br /> (g) The time and manner of collecting the assessments. <br /> (h) The specific number of years in which assessments will be levied. In a new district, <br /> the maximum number of years shall be five. Upon renewal, a district shall have a term not <br /> to exceed 10 years. Notwithstanding these limitations, a district created pursuant to this <br /> part to finance capital improvements with bonds may levy assessments until the <br /> maximum maturity of the bonds. The management district plan may set forth specific <br /> increases in assessments for each year of operation of the district. <br /> (i) The proposed time for implementation and completion of the management district <br /> plan. <br /> (j) Any proposed rules and regulations to be applicable to the district. <br /> (k) A list of the properties or businesses to be assessed, including the assessor's parcel <br /> numbers for properties to be assessed, and a statement of the method or methods by <br /> which the expenses of a district will be imposed upon benefited real property or <br /> businesses, in proportion to the benefit received by the property or business, to defray the <br /> cost thereof, including operation and maintenance. <br /> (1) Any other item or matter required to be incorporated therein by the city council. <br /> 36623. (a)If a city council proposes to levy a new or increased property assessment, the <br /> notice and protest and hearing procedure shall comply with Section 53753 of the <br /> Government Code. <br /> (b) If a city council proposes to levy a new or increased business assessment, the <br /> notice and protest and hearing procedure shall comply with Section 54954.6 of the <br /> Page 5 of 12 <br />