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assessment on property in the District, based on the benefit conferred by such <br /> project,to pay all of the costs of such improvements. <br /> (3) The general nature of the public improvements in the District is set forth below. <br /> (a) The improvements include engineering and construction of water, wastewater, <br /> storm sewer facilities, detention, paving, common areas and amenities, and <br /> other improvements, creation and administration costs, and interest. <br /> (4) The estimated costs of the public improvements over the life of the PID are a total <br /> of$13,500,000.00. <br /> (5) The boundaries of the District are fully described in Exhibit A attached hereto. <br /> (6) The proposed methods of assessment is as follows: <br /> (a) The assessment for the Public Improvements is proposed to be by value, <br /> lot, or according to the square footage of property without regard to <br /> improvements on the property. <br /> (7) The proposed method of apportionment of the cost of the improvements between <br /> the District and the City as a whole is as follows: <br /> (a) The District will bear 100 percent of the costs of the percentage of the <br /> Public Improvements that will be reimbursed by assessment on the <br /> property. <br /> Section 2. This Resolution shall be passed finally on the date of its introduction and <br /> shall take effect immediately upon its passage and approval. <br /> PASSED AND ADOPTED this 1 b day of m , 2021. <br /> ma Al <br /> ouis ' . Rigby, go <br /> r <br /> Attest: <br /> l�' l <br /> 1 \ <br /> e Woodward, i y <br />