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2. If improvement is initiated by 100% of benefited owners, owners have the same 60 -day objection period, except that 100% of the owners may also file a second petition reducing the period to 10 days. If that second petition is filed, the Council can then proceed with the improvement as soon as 10 days after the public hearing. 3. If improvement is initiated by the City Council (with no initial petition), owners have a 60 -day period after the hearing to file an objecting option. The objecting petition stops the project if signed by a majority of the owners proposed to be assessed, unless a counter petition is signed at least the same number who signed by objecting petition. If not vetoed the Council may proceed any time through one year after the hearing. F. Referendum. However the improvement was initiated, an election is required if less than 100% of the cost is paid from special assessments "or any outside finding sources other than the City general fund." City Charter, Section 8.04. The ballot question must include the assessment formula, and the election must be held within 120 days after the public hearing. [There is no comparable provision in Chapter 429.] G. Reconsideration. If an improvement is disallowed (either because it was vetoed by benefited owners, or because voted down in a referendum), the Council may not vote on the same improvement within one year the public hearing on that improvements. [There is no comparable provision in Chapter 429.] H. Contracts. 1. Contracts must be let within one year after ordering the improvement. (The Charter does not include this rule, but Chapter 429 provides that all charters are deemed to include this provision.) 2. But the Charter imposes an additional rule not found in Chapter 429: if bids exceed the cost estimates by more than 10 %, the Council may not award the contract, and may re -bid the improvement only once. I. Levy of Assessments. Once an improvement is ordered by the City Council (and not vetoed by property owners or disapprove by voters), the assessment process follows Chapter 429 (as described above).