Section 4.
Estimated Cost of the Improvement Projects. The Board estimates at this time that the Improvement Projects will cost approximately $650 million, which includes all costs incidental to said Improvement Projects.  Notwithstanding the foregoing cost estimate, general obligation bonds, if approved, may only be issued in a principal amount which does not exceed the amount presented to and approved by voters of the Improvement District. The Board may determine to address the costs of the Improvement Projects in bond measures presented to voters of the Improvement District at one or more bond elections. 

Section 5. Levy of Taxes Only Within Improvement District. If the issuance of general obligation bonds is approved in accordance with California law by the voters of the Improvement District, all taxes levied for the purpose of paying principal of and interest on any such general obligation bonds shall be levied exclusively upon the lands in the Improvement District, and not on any other land in the District that is not within the boundaries of the Improvement District.

Read More on pg. 11: http://backissues.smdp.com/053118.pdf