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Section 10. TSA shall not issue debt of any kind, including bonds; and shall only <br /> fund expenses with recurring assessment revenue collected or the reserve balance. <br /> Section 11. The time and place for the public meeting to hear testimony on <br /> renewing the SATMD and levying assessments is set for June 3, 2025, at 5:00 PM, or as <br /> soon thereafter as the matter may be heard, at the Council Chambers located at 22 Civic <br /> Center Plaza, Santa Ana, CA 92701. <br /> Section 12. The time and place for the public hearing to renew the SATMD and <br /> the levy of assessments is set for July 1, 2025, at 5:00 PM, or as soon thereafter as the <br /> matter may be heard, at the Council Chambers located at 22 Civic Center Plaza, Santa <br /> Ana, CA 92701. The City Clerk is directed to provide written notice to the assessed <br /> businesses subject to assessment of the date and time of the meeting and hearing, and to <br /> provide that notice as required by Streets and Highways Code §36623, no later than May <br /> 16, 2025. <br /> Section 13. At the public meeting and the public hearing, the testimony of all <br /> interested persons for or against the renewal of the SATMD may be received. If at the <br /> conclusion of the public hearing, there are of record written protests by the owners of the <br /> assessed businesses within the renewed SATMD that will pay more than fifty percent <br /> (50%) of the estimated total assessment of the entire SATMD, no further proceedings to <br /> renew the SATMD shall occur for a period of one (1)year. <br /> Section 14. The complete Plan is on file with the City Clerk and may be reviewed <br /> upon request. <br /> Section 15. This Resolution shall take effect immediately upon its adoption by the <br /> City Council. <br /> [SECTION INTENTIONALLY LEFT BLANK] <br /> Resolution No. 2025-011 <br /> Page 3of5 <br />