The management district plan shall contain all of the following:
(a)
A map of the proposed district in sufficient detail to locate each parcel of property and, if businesses are to be assessed, each business within the district.
(b)
The name of the proposed district.
(c)
A description of the boundaries of the proposed district, including the boundaries of any benefit zones, proposed for establishment or extension in a manner sufficient to identify the affected lands and businesses included. Under no circumstances shall the boundaries of a proposed district overlap with the boundaries of another existing district created pursuant to this part. Nothing in this part prohibits the boundaries of a district created pursuant to this part to overlap with other assessment districts.
(d)
The improvements and activities proposed for each year of operation of the district and the maximum cost thereof.
(e)
The total annual amount proposed to be expended for improvements, maintenance and operations, and debt service in each year of operation of the district.
(f)
The proposed source or sources of financing including the proposed method and basis of levying the assessment in sufficient detail to allow each property owner or each business owner to calculate the amount of the assessment to be levied against his or her property or business. The plan shall also state whether bonds will be issued to finance improvements.
(g)
The time and manner of collecting the assessments.
(h)
The specific number of years in which assessments will be levied. In a new district, the maximum number of years shall be five. Upon renewal, a district shall have a term not to exceed 10 years. Notwithstanding those time limitations, a district that finances improvements with bonds may levy assessments until the maximum maturity of those bonds, not to exceed 20 years. The management district plan may set forth specific increases in assessments for each year of operation of the district.
(i)
The proposed time for implementation and completion of the management district plan.
(j)
Any proposed rules and regulations to be applicable to the district.
(k)
A list of the properties or the businesses to be assessed, including the assessor’s parcel numbers for any properties to be assessed, and a statement of the method or upon benefited real property or businesses, in proportion to the benefit received by the property or the business, to defray the cost thereof, including operation and maintenance. The plan may provide that all or any class or category of real property which is exempt by law from real property taxation may nevertheless be included within the boundaries of the district but shall not be subject to assessment on real property.
(l)
Any other item or matter required to be incorporated therein by the city council.