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Sec. 13-206. Establishment of District and Levying of Assessment. (a) At the conclusion of the hearing, if there is no majority protest as determined in accordance with Sec. 13-205, the City Council may adopt a resolution of formation. (b) The City Council may adopt, revise, change, reduce, or modify the proposed assessment or the type or types of improvements and activities to be funded with the revenues from the assessments. (c) Notwithstanding the foregoing, proposed assessments may only be revised by reducing any or all of them and the City Council may only make changes in, to, or from the boundaries of the proposed property and business improvement district that will exclude territory that will not benefit from the proposed improvements or activities. Any modifications, revisions, reductions, or changes to the proposed assessment district shall be reflected in the notice and map recorded pursuant to Section 13-207. (d) The adoption of such resolution establishing the district and levying the assessment, or if the district has been previously established, levying the new assessment, and recordation of the notice and map pursuant to Sec.13-207, below, shall constitute the levy of an assessment in each of the fiscal years referred to in the Management District Plan. The resolution of formation shall contain all of the following: (1) A summary of the Management District Plan; (2) The number, date of adoption, and title of the Resolution of Intent; (3) The time and place where the public hearing was held concerning the establishment of the district or the levying of a new assessment; (4) A determination regarding any protests received; (5) A statement that a CMD has been established; (6) A statement that the services, improvements and activities to be provided in the district will be funded by the levy of assessments. The revenue from the levy of assessments within a district shall not be used to provide improvements or activities outside the district or for any purpose other than the purposes specified in the resolution of intent, as approved, or as modified and approved, by the City Council at the hearing concerning the establishment of the district; (7) A finding that the property within the CMD will be benefited by the improvements and activities funded by the assessment to be levied. Ordinance No. NS-2771 Page 7 of 12