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hundred twenty (120) days after thc conclusion of thc public hearing, submit thc <br />election is scheduled during such onc hundred twenty {120) day period, the Council <br />shall schedule a special election by which said improvement and its associated <br />as€esemcnt formula can bc submitted to thc City's voters. If a majority-of these voting <br />shall not proceed with the local improvement as proposed. <br />hearing, proceed on thc improvement. If after bids arc received on thc project the <br />proposed contract exceeds the estimated cost of thc engineer stated at the public <br />not award the contract for thc proposed impfovement, but may rcbid the project for onc <br />(1) time only. <br />(1) year after the public hearing on said improvement. <br />•$ . <br />may be assessed against property benefitted a+ may bc collected in thc same manner <br />as special assessments. Such costs shall not bc deemed to be "special assessments" <br />for the purposes set forth in Section 8.03 of this chapter. <br />Section 8.06. When under the provisions of section 8.04, Subdivision 1, an <br />••o <br />owners, such property owners may after thc mailing of notice of a public hearing, <br />petition to waive fifty (50) of thc sixty (60) days waiting period. After such petition, thc <br />City Council may immediately order the proposed project. (Amended) <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 />