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314 District, is intended to be levied annually within the District, and collected in the same manner as ordinary ad valorem property taxes. The proposed rate and method of apportionment of the special tax among the parcels of real property within the District, in sufficient detail to allow each landowner within the proposed District to estimate the maximum amount such owner will have to pay, are described in Exhibit B attached hereto, which exhibit is by this reference incorporated herein. 6. It is the intention of this City Council acting as the legislative body for the District to cause bonds of the City to be issued for the District pursuant to the Act to finance in whole or in part the Facilities. Said bonds shall be in the aggregate principal amount of not to exceed $50,000,000, shall bear interest payable semi-~,~-ually or in such other manner as this City Council shall determine, at a rate not to exceed the maximum rate of interest as may be authorized by applicable law at the time of sale of such bonds, and shall mature not to exceed 40 years from the date of the issuance thereof. 7. The levy of said proposed special tax shall be subject to the approval of the qoslified electors of the District at a special election. The proposed voting procedure shall be by mailed ballot among the landowners in said proposed District, with each owner having one vote for each acre or portion of an acre such owner owns in the District. 8. Except as may otherwise be provided by 1aw or by the rate and method of apportionment of the special taxes set forth in Exhibit B, all lands owned by any public entity, including the United States, the State of California and/or the City, or any departments or political subdivisions thereof, shall be omitted from the levy of the special tax to be made to cover the costs and expenses of the Facilities. In the event that a portion of the property within the District shall become for any reason exempt, wholly or in part, from the levy of the special tax described in Exhibit B, this City Council will, on behalf of the District, increase the levy to the extent necessary upon the remaining property within the District which is not exempt in order to yield the required debt service payments and other annual expenses of the District, if any, subject to any maximum special tax that may be levied. 9. The Fire Chief of the City is hereby directed to make, or cause to be made, and file with the City Clerk a report in writing, presenting the following: (a) A brief description of the Facilities and Services by type. (b) An estimate of the cost of providing the Facilities and the Services, including the costs of the proposed bond financing and all other related administrative costs as provided in Section 20-22 of the Act. Said report shall be made a part of the record of the public hearing provided for below. 10. Monday, Aori ] 1, 1991, at 7:3Op.m., in the regular meeting place of this City Council, in the City Cbuncil Chambers at 20 Civic Center Plaza, Santa Aha, California, be, and the same are hereby appointed and fixed as the time and place when and where this City Council, as legislative body for the District, will conduct a public hearing on the establishment of the District and consider and finally determine whether the public interest, convenience and necessity require the formation of the District and the levy of said special tax. -2-