§ 10.05.050. Petition procedures.

In case of an improvement district initiated by petition of property owners, the petition shall be subscribed by the owners of not less than fifty percent (50%) of the area to be assessed in the proposed improvement district; provided that such majority shall include not less than fifty percent (50%) of the assessed valuation of the real property in the proposed improvement district. Upon receiving such petition, the Council shall adopt a resolution which shall generally describe the nature and location of the improvement or improvements to be made without mentioning minor details and which describes the area to be included within the improvement district (by boundaries or other brief description) and directs the engineer or engineering firm employed or designated by the Council to prepare and present to the Council preliminary plans and specifications, a cost estimate and a map of the improvement district as in the case of Council-initiated improvements. The Council may require that a bond, or other financial security acceptable to the Town be posted with the Town Clerk by the petitioners to cover administrative and other costs incurred by the Town in processing and creating the improvement district. Thereafter, the procedures shall be the same as in the case of improvement districts initiated by the Council.

(Ord. 13.01 §5, 1984)