Upon the decision of the assembly to create an assembly-initiated L.I.D., it shall adopt a resolution of intention declaring its intention to order the improvements to be acquired, constructed, and installed therein, which resolution shall also set forth a general description of the improvements to be ordered, a description of the boundaries of the proposed L.I.D., and state whether or not the city and borough proposes to issue special assessment district bonds to pay such cost.
The resolution shall fix the time, date and place of a hearing thereon, and at such hearing there shall be on file and open to all persons attending the same a map or diagram showing thereon the lots, tracts and parcels of land which will be specially benefited by the proposed improvement and a statement setting forth:
A. 
The estimated cost of such improvements;
B. 
The estimated proportion of such costs to be borne by the property specially benefited by such improvements, and the source of any other money needed to pay the balance of such cost;
C. 
The estimated amount of such cost to be borne by each lot, tract or parcel of land;
D. 
A statement of the L.I.D. assessments outstanding and unpaid against the property in the proposed district;
E. 
A statement of the current assessed value of the real property within the proposed district and a statement of the current assessed valuation of the improvements thereon according to the valuations last placed upon such property and improvements for the purposes of general taxation.
(S.C.C. 3-9-3; S.G.C. 17.08.010)
A. 
Published notice. Notice of such hearing shall be published at least once a week for two consecutive weeks in a newspaper of general circulation throughout the city and borough with the first publication to be at least 60 days prior to the date set for such hearing if special assessment bonds are to be issued. If special assessment bonds are not to be issued to pay the cost of improvements, then the date of first publication and mailing of such notice may be not less than 10 days prior to such hearing date and such published notice need only be published once. The notice shall contain a statement of the following:
1. 
A general description of the improvements to be ordered and a description of the boundaries of the proposed L.I.D.;
2. 
A statement of the estimated cost of the proposed improvements and the estimated proportion of such cost to be borne by the property specially benefited thereby;
3. 
That a map or plat showing thereon the lots, tracts and parcels of land which will be specially benefited by the proposed improvement, the proposed assessment schedule and the proposed assessment against each such lot, tract or parcel of land is on file for public inspection at the office of the finance director;
4. 
Whether special assessment district bonds will be issued and sold to provide funds to pay the cost of improvements;
5. 
The time, date and place of such hearing, and that owners of any property within the proposed district may file a written objection to the creation of such district and the ordering of the work to be done therein with the finance director up to the time of hearing.
B. 
Mailed notice. Notice of such hearing shall also be mailed to all owners within the proposed district according to the property tax roll of the city and borough at the last address shown thereon, at least 60 days prior to the date set forth for such hearing if special assessment bonds are to be issued. If special assessment bonds are not to be issued to pay the cost of improvements, then the notice shall be mailed not less than 10 days prior to such hearing date. Such notice shall contain, in addition to the items required to be set forth in the published notice:
1. 
A description of each lot, tract or parcel of land owned by the owner and the estimated assessment to be levied against each such property;
2. 
The estimated payment schedule of such assessment;
3. 
A statement that the assessment proposed to be levied against each such lot, tract or parcel of land is an estimated amount and that when actual costs are known they will be assessed against all of the real property in the L.I.D. in accordance with the benefits received.
(S.G.C. 17.08.020; S.C.C. 3-9-4; Ord. 86-688 § 4, 1986)
At such hearing the assembly shall hear objections from any owner affected by the formation of such district, and may make such changes in the proposed boundaries thereof or such modifications in the plans for the proposed improvements to be constructed as shall be deemed necessary; provided, that the assembly may not change the boundaries of such district to include property not previously included therein without first passing a new resolution of intention and giving a new notice to owners in the manner and form and within the time herein provided for the original notice.
(S.C.C. 3-9-5; S.G.C. 17.08.030)
After the hearing the assembly shall have jurisdiction to overrule protests and proceed with any such improvements; provided, that the authority of the city and borough to so proceed shall cease if written objections are filed with the finance director at or prior to the time, date and place set for such hearing by the owners of property bearing 50 percent or more of the estimated assessments unless the assembly revises such plan of improvements. After the assembly revises the plan it shall, if it determines to proceed with the improvements under the revised plan, readvertise and renotice the proposed improvements and hold another hearing thereon, and be subjected to the same limitations as required in the first instance, and so on until the objections have been reduced to less than the 50 percent referred to above. Exception: If the owners of property bearing 50 percent or more of the estimated assessments agree in writing to any revised plan, there shall be no need to readvertise or hold further hearings and the assembly may proceed with the revised plan.
(S.G.C. 17.08.040; S.C.C. 3-9-6; Ord. 86-688 § 4, 1986)
If, as, and when the assembly finds that the district should be formed, it shall by ordinance, or by resolution if special assessment district bonds are not to be issued, find that the creation of such L.I.D. is in the public interest, and create such district, describe the boundaries thereof, describe the improvements to be acquired, constructed and installed therein, declare the estimated cost thereof, declare the proportionate amount of the funds of the city and borough, if any, to be applied thereto and order such work to be done. If necessary, such ordinance or resolution shall authorize the acquisition of all land necessary for such improvements, the payment of all damages caused thereby and the commencement in the name of the city and borough of such eminent domain proceedings and assessment proceedings required to pay all eminent domain awards as may be necessary to enable the city and borough to proceed with the work.
(S.C.C. 3-9-7; S.G.C. 17.08.050)