The resolution proposing to order the making of a substitution shall contain:
(a)
The number of the vehicle parking district and a reference to the ordinance fixing its exterior boundaries.
(b)
A general description of the proposed substitution.
(c)
An estimate of the current fair market value of the old property and an estimate of the current fair market value of the new property, together with the estimated cost of improvements, if any, proposed to be constructed on the new property for parking purposes.
(d)
A time and place for the hearing of protests on the proposed substitution.