(b) Notice of hearing. -- Notice of the public hearing shall be published as a Class I-0 legal advertisement in compliance with article three, chapter fifty-nine of this code at least twenty days prior to the scheduled hearing. In addition to the time and place of the hearing, the notice must also state:
- (1) The purpose of the hearing;
- (2) The name of the proposed district;
- (3) The general purpose of the proposed district;
- (4) The geographic boundaries of the property proposed to be included in the district; and
- (5) The proposed method of financing any costs involved, including the base and rate of special district excise tax that may be imposed upon sales of tangible personal property and taxable services from business locations situated within the proposed district.