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period of ____ years, for the purpose of (description of | improvements), with the total assessment to all property | owners within the capital improvement district not to exceed | $___________, plus a contingency of no more than 25% of that | assessment, all of which are subject to the property tax | collection and lien procedures established by state law, and | with said authorization contingent on the voters of the | municipality of _________ accepting the public costs for the | capital improvement district improvements before any work is | done, specifically described as (description of public | elements)?" |
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| The voters shall indicate by a cross or check mark placed | against the word "Yes" or "No" their opinion of the same. |
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| The municipal officers may proceed with conducting the municipal | referendum in accordance with subsection 5 only if 2/3 of those | casting ballots pursuant to this subsection vote to approve | creating the capital improvement district. |
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| | 5.__Referendum of municipal voters.__The referendum of the | municipal voters may not be called and conducted for the purposes | of this chapter unless the referendum held pursuant to subsection | 4 resulted in a 2/3 majority vote supporting the ballot question.__ | If the referendum held pursuant to subsection 4 received a 2/3 | majority vote, the municipal officers shall call and conduct a | referendum for the voters of the municipality to determine if the | public elements of the proposed capital improvement district | authorized pursuant to subsection 4 are authorized by the voters | of the municipality. |
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| A.__The method of calling and voting on the referendum | question is as provided in section 2528 except as otherwise | provided in this subsection. |
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| B.__The referendum of the municipal voters must be scheduled | to occur within 45 to 90 days after the date of the | referendum held pursuant to subsection 4. |
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| C.__The referendum to be voted on must be worded substantially as | follows: "Are you in favor of establishing a capital improvement | district described on the reverse side of this ballot or in the | attachment to this ballot and authorizing a special assessment | against the several properties in the capital improvement | district, with the special assessment running for a period of | ____ years, for the purpose of (describe improvements), with the | total assessment to all owners of property within the capital | improvement district not to exceed $___________, plus a | contingency of no more than 25% of that assessment, all of |
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