§ 8-9.103. Petition Requirement.

Upon the written petition, signed and acknowledged, of the property owners in the proposed district who will pay more than thirty (30) percent of the assessments proposed to be levied, the City Council may initiate proceedings to form a Community Benefit District by adopting a resolution expressing its intention to form a Community Benefit District. The amount of assessment attributable to property owned by the same property owner that is in excess of twenty (20) percent of the amount of all assessments proposed to be levied shall not be included in determining whether the petition is signed by property owners who will pay more than thirty (30) percent of the total amount of assessments proposed to be levied.

(Ord. No. 3616-C.S., § 1, effective 6-5-15)