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(b) The report shall be filed with the clerk and shall refer to the property and business <br /> improvement district by name, specify the fiscal year to which the report applies, <br /> and, with respect to that fiscal year, shall contain all of the following information: <br /> (1)Any proposed changes in the boundaries of the property and business <br /> improvement district or in any benefit zones or classification of property or <br /> businesses within the district. <br /> (2) The improvements and activities to be provided for that fiscal year. <br /> (3) An estimate of the cost of providing the improvements and the activities for that <br /> fiscal year. <br /> (4) The method and basis of levying the assessment in sufficient detail to allow each <br /> real property or business owner, as appropriate, to estimate the amount of the <br /> assessment to be levied against his or her property or business for that fiscal year. <br /> (5) The amount of any surplus or deficit revenues to be carried over from a previous <br /> fiscal year. <br /> (6) The amount of any contributions to be made from sources other than assessments <br /> levied pursuant to this past. <br /> (c) The city council may approve the report as filed by the owners' association or may <br /> modify any particular contained in the report and approve it as modified. Any <br /> modification shall be made pursuant to Sections 36635 and 36636. The city council <br /> shall not approve a change in the basis and method of levying assessments that <br /> would impair an authorized or executed contract to be paid from the revenues <br /> derived from the levy of assessments, including any commitment to pay principal <br /> and interest on any bonds issued on behalf of the district. <br /> <br /> 36651. The management district plan may, but is not required to, state that an owners' <br /> association will provide the improvements or activities described in the management <br /> district plan. If the management district plan designates an owners' association, the city <br /> shall contract with the designated nonprofit corporation to provide services. <br /> <br /> RENEWAL <br /> <br /> 36660. (a) Any district previously established whose term has expired, may be renewed by <br /> following the procedures for establishment as provided in this chapter. <br /> (b) Upon renewal, any remaining revenues derived from the levy of assessments, or any <br /> revenues derived from the sale of assets acquired with the revenues, shall be <br /> transferred to the renewed district. If the renewed district includes additional parcels <br /> or businesses not included in the prior district, the remaining revenues shall be spent <br /> to benefit only the parcels or businesses in the prior district. If the renewed district <br /> does not include parcels or businesses included in the prior district, the remaining <br /> revenues attributable to these parcels shall be refunded to the owners of these parcels <br /> or businesses. <br /> (c) Upon renewal, a district shall have a term not to exceed 10 years, or, if the district is <br /> authorized to issue bonds, until the maximum maturity of those bonds. There is no <br /> requirement that the boundaries, assessments, improvements, or activities of a <br /> renewed district be the same as the original or prior district. <br /> <br />Tri-Valley Tourism BID Management District Plan Page 22 <br /> <br /> <br />