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including estimate unit prices and estimated total price thereof shall be <br />mailed to each benefitted property owner at his/her last known address <br />at least two (2) weeks prior to the date of said hearing. Failure to give <br />mailed notice, or any defects in the notice, shall not invalidate the <br />proceedings. At such hearing the City shall receive any written and <br />oral statements, and hear any petitioners for or against the proposed <br />improvement. At such hearing the City Council shall present a special <br />assessment formula and an analysis of the assessment income expected <br />to offset the proposed improvement cost. A period of sixty (60) days <br />shall elapse after the public hearing before any further action shall be <br />taken by the Council, on the proposed improvement. If within such <br />sixty (60) day period, in a petitioning process independent of the <br />initiating process, a petition against such improvement be filed with <br />the Council, signed by a majority of the owners proposed to be assessed <br />for such improvement, or when the improvement has been petitioned <br />for, signed by a number of the owners proposed to be assessed for such <br />improvement, at least equal to the number of those who petitioned for <br />the improvement, the Council shall not make such improvement at the <br />expense of the property benefitted, unless, in the meantime there be <br />filed with the Council a petition asking that the improvement be made, <br />signed by property owners proposed to be assessed for such <br />improvement at least equal in number to those who signed the petition <br />against the improvement; in which event the Council may disregard the <br />petition against the improvement. Any person whose name appears on a <br />petition to the Council for a local improvement, may withdraw his/her <br />name by statement in writing filed with the Council before such <br />petition is presented to the Council. <br />Subdivision 2. Regardless of the provisions of Subdivision 1 of this <br />section, when less than one hundred (100%) percent of the estimated <br />cost of the proposed improvement is to be paid for by special <br />assessments, connection charges, or any outside funding sources other <br />than the City general fund, the Council shall within one hundred twenty <br />(120) days after the conclusion of the public hearing, submit the <br />proposed local improvement and its assessment formula to the voters of <br />the City. If no election is scheduled during such one hundred twenty <br />(120) day period, the Council shall schedule a special election by which <br />said improvement and its associated assessment formula can be <br />submitted to the City's voters. If a majority of those voting on said <br />improvement and associated assessment formula are opposed, the <br />Council shall not proceed with the local improvement as proposed. <br />(Amended) <br />Subdivision 3. When a proposed improvement is allowed under the <br />foregoing subdivision, and the public record of the proposed <br />improvement contains all of the evidence on which the Council shall <br />base their decision, the Council may by resolution, at any time between <br />sixty (60) days and one (1) year after the conclusion of the public <br />hearing, proceed on the improvement. If after bids are received on the <br />project the proposed contract exceeds the estimated cost of the engineer <br />stated at the public hearing held under Subdivision 1 by more than ten <br />(10%) percent, the City Council may not award the contract for the <br />proposed improvement, but may rebid the project for one (1) time only. <br />(Amended) <br />