An L.I.D. may be initiated by a petition presented to and filed with the finance director. Such petition shall be signed by all the owners of at least 50 percent in current assessed valuation of the property to be specially benefited by the improvements petitioned for. No signatures may be withdrawn from such petition after passage of an ordinance authorizing the L.I.D. Names and addresses of owners of record within the proposed district not signing such petition shall be listed thereon. Such petition shall contain the following:
A.
A description of the specific improvements to be acquired, constructed or installed, with an estimate of the cost thereof;
B.
A description of the boundaries of such proposed district or a listing of all the lots, tracts and parcels of land to be included therein, and a map or diagram of the proposed district with an inset showing the location thereof with relation to the city and borough as a whole shall be attached to such petition;
C.
A statement of whether or not the proposed assessments should all be paid in one payment or be paid in installments (stating the installment plan proposed, but not to exceed 20 years), and if the latter, whether or not it is proposed that special assessment district bonds be issued.
(S.G.C. 17.12.010; S.C.C. 3-9-8; Ord. 86-688 § 4, 1986)