On the date scheduled for the public hearing, the official designated by the Board shall preside over the hearing and the interested persons may appear and provide information or introduce proposals or objections related to the establishment of the district. Upon the conclusion of the hearing, the official shall render a detailed report on the matters taken into consideration and issue a recommendation to the Board. The Board shall make its decision on the basis of the report, the information provided by the benefited entity and any other material made available or provided during the hearing, as to whether or not the district is to be established, through a written resolution which shall be issued not later than one hundred and twenty (120) days following the conclusion of the same unless a referendum is called pursuant to the provisions of this chapter. In the event a referendum should be called, the term of one hundred and twenty (120) days shall be interrupted and resumed anew if the establishment of the district is approved in the referendum. Said resolution shall gather together all grounds on which the Authority based its decision to authorize the approval of the district and shall also establish the purpose for which the fees for benefits shall be used, the estimated cost of the infrastructure, the dates or periods on which the fees for benefits shall be paid, the total amount of the funds to be raised through the fees for benefits to be imposed, the period for which said fees are to be imposed and an addenda stating the amount to be paid annually by each real property included in the district.
Said resolution shall also clearly establish the geographic boundaries of the district, which shall be drawn on a map to be attached to the resolution. The resolution may reduce or alter the proposed boundaries of the district but never increase the area of the proposed district. In case of inconsistencies between the map and the resolution, the map shall prevail.
Said resolution shall be published together with all its addenda in a newspaper of general circulation in the week after it is issued.
History —June 21, 1988, No. 44, added as § 10 on June 24, 1998, No. 92, § 7, eff. 90 days after June 24, 1998.