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hundred twenty (120) days after thc conclusion of thc public hearing, submit the <br />proposed local improvement and its assessment formula to the voters of the City. If no <br />election is scheduled during such ono hundred twenty (120) day period, the Council <br />hearing, proceed on the improvement. If after bids are received on thc project the <br />propecod contract exceods the estimated cost of the engineer stated at the public <br />0 <br />not award thc contract for the proposed improvement, but may rebid thc project for ono <br />(1) time only. <br />subdivisions, the Council shall not vote on the same improvement within a period of one <br />(1) year after the public hearing on said improvement. <br />that the cost of City services to streets, sidewalks, or other public or private property <br />Section 8.06. When under the provisions of section 8.04, Subdivision 1, an <br />improvement is petitioned for by one hundred (100%) peFoent of -the benefitted property <br />owners, such property owners may after the mailing of notice of a public hearing, <br />petition to waive fifty (50) of the sixty (60) days waiting period. After such petition, the <br />City Council may immediately order the proposed project. <br />Section 2. That Chapter 8 of the Lino Lakes City Charter be amended by adding <br />thereto a new Section 8.01 to read as follows: <br />Section 8.01. Local Improvements Defined; Charter Provisions Effective. <br />Subdivision 1. For the purposes of this Chapter, the term "local improvements" <br />means any public improvements financed in whole or in part from special assessments. <br />Subdivision 2. For the purposes of any objection or petition under this Chapter, <br />(a) each parcel is considered to have one owner, and only one person or entity may <br />sign an objection or petition on behalf of any additional owners of that parcel, and (b) if <br />