A.__A description of the proposed boundaries of the capital improvement district;

B.__The proposed improvements to the capital improvement district;

C.__The estimated costs of the proposed improvements;

D.__The public elements of the capital improvement district; and

E.__A brief narrative description and schedule of the referendum conducted pursuant to subsection 4.

At least 14 days in advance of the date of the initial public hearing, the same information provided in the published notice must also be sent by certified mail to all owners of property within the proposed capital improvement district according to the municipality's assessing records.__Notice for any additional public hearings must be posted and published in the same manner as notice for the initial public hearing, but mailed notice of the subsequent public hearings is not required.

3.__Public hearing.__Prior to any referendum held pursuant to subsection 4 or 5, the municipal officers shall hold an initial public hearing on the proposed capital improvement district to solicit comments from the residents of the municipality and the owners of property located in the proposed district concerning the:

A.__Proposed boundaries of the capital improvement district;

B.__Type of improvements to the proposed capital improvement district being considered;

C.__Need for the proposed improvements;

D.__Costs of the proposed improvements;

E.__Projected assessed shares and the contingency fee of no more than 25% of that assessment to the owners of property located in the proposed capital improvement district to pay for the improvements being considered;

F.__Proposed duration of the payment period for those special assessments;