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IV. <br />The City shall levy assessments on each parcel within the District in a manner that <br />results in imposing equal shares of the costs on property similarly benefited. Each assessment <br />may be paid in part or in full at any time (including interest), and certain assessments may be <br />paid in annual installments (including interest). If the City allows an assessment to be paid in <br />installments, then the installments must be paid in amounts necessary to meet annual costs for <br />those Authorized Improvements financed by the assessment and must continue for a period <br />necessary to retire the indebtedness on those Authorized Improvements (including interest). <br />V. <br />The City will not be obligated to provide any funding to finance the Authorized <br />Improvements, other than from assessments levied in the District. No City property in the <br />District shall be assessed. The Petitioner may fund certain improvements from other funds <br />available to the Petitioner. <br />VI. <br />The management of the District will be by the City, with the assistance of one or more <br />consultants, who shall, from time to time, advise the City regarding certain operations of the <br />District. <br />VII. <br />The person or entity (through authorized representatives) signing this Petition concurs <br />with the establishment of the District and has the corporate authority to execute and deliver the <br />Petition. <br />VIII. <br />The Petitioner proposes the District be established and managed without the creation <br />of an advisory board. However, if an advisory board is created, the Petitioner requests a <br />representative of the Petitioner be appointed to the advisory board. <br />IX. <br />The person or entity (through authorized representatives) signing this Petition is also <br />owner of taxable real property representing more than fifty percent (50%) of the appraised <br />value of taxable real property liable for assessment under the proposal as determined by the <br />current roll of the appraisal district in which the property is located; and the record owner of <br />real property liable for assessment under the proposal who (a) constitutes more than fifty <br />percent (50%) of all record owners of property that is liable for assessment under the proposal, <br />and (b) owns taxable real property that constitutes more than fifty percent (50%) of the area of <br />all taxable real property that is liable for assessment under the proposal. <br />X. <br />2 <br />