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capacity of each unit, the square footage of each unit or some other method as determined by the City Council such as per unit basis. Under the State law, the ordinance takes effect 45 days after adoption. The ordinance must be adopted within six months of the close of the public hearing. e. After the ordinance is adopted, the ��. staff will work with the association to determine through estimates, bids, and similar methods the costs of the improvements. f. Once the costs have been determined to the extent possible a second public hearing is held at which time the owners inay discuss the proposed fees in general, or they may question the fee proposed to be imposed against their individual unit. Within six months of the closing of this public hearing, the HRA will adopt a resolution imposing the fee. This fee may not exceed the amount stated in the hearing notice, but it may be less. The fees to be imposed are to be at a rate, term or amoui�t sufficient to produce revenues required to make the improvements. The resolution takes effect 45 days after it is adopted. The fees will include an administrative charge and will be collected along with property taxes for the number of years established in the resolution. The fee may, however, be prepaid in full to avoid the payment of interest. 6. What is the recourse of owners who disagree with the designation of the area or the imposition of the fee? a. Before the ordinance is adopted, any owner may file a written objection claiming that the owner's property may be in the area or subject to the fee. The City Council the��. has 60 days to make a determination on this objection. This determination may be appealed to the District Court. b. After an ordinance or fee resolution is adopted, if owners of 35% of the properties located in the designated area file an objection to the ordinance or the fee resolution before the effective date, the ordinance or the resolution does not become effective. For this reason, the City and the HRA will want to be assured that the fees will be imposed before proceeding with the improvements. 7. What are the obligations of the owners and the association after designation of a Housing Improvement Area? a. Obviously, all parties need to cooperate with each other so the ir��pro�ements can be made or constructed in a timely fashion. b. The State law requires that before the City or the HRA adopts a fee resolution, the association must submit a financial plan. This plan has to be prepared by an independent third party acceptable to both the association and the City Council and