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the local improvement, including all design, financing and related costs, and shall not exceed the <br />benefit to the property determined in accordance with state law. <br /> <br /> Subdivision 4. Local improvements shall be carried out exclusively under the provisions <br />of this Charter, except to the extent otherwise provided in Section 8.02. <br /> <br /> Section 3. That Chapter 8 of the Lino Lakes City Charter be amended by adding thereto <br />a new Section 8.02 to read as follows: <br /> <br />Section 8.02. Local Improvement Procedure. <br /> <br /> Subdivision 1. Local improvements shall be carried out in accordance with state law, <br />except as provided in this Section. <br /> <br /> Subdivision 2, The notice of hearing mailed to th e owner of each parcel within the area <br />proposed to be assessed shall include, in addition to the requirements of Minnesota Statutes, <br />Section 429.031, Subdivision 1, an estimate of the proposed assessment for each individual <br />parcel proposed to be assessed. <br /> <br /> Subdivision 3. A period of sixty (60) days shall elapse, after the public hearing held <br />pursuant to Minnesota Statutes, Section 429.031, subdivision 1, before any further action shall be <br />taken by the Council, on the proposed improvement. If within such sixty (60) day period, in a <br />petitioning process independent of the initiating process, a petition against such improvement be <br />filed with the Council, signed by a majority of the owners proposed to be assessed for such <br />improvement, or when the improvement has been petitioned for, signed by a number of the <br />owners proposed to be assessed for such improvement, at least equal to the number of those who <br />petitioned for the improvement, the Council shall not make such improvement at the expense of <br />the property benefitted, unless, in the meantime there be filed with the Council a petition asking <br />that the improvement be made, signed by property owners proposed to be assessed for such <br />improvement at least equal in number to those who signed the petition against the improvement; <br />in which event the Council may disregard the petition against the improvement. Any person <br />whose name appears on a petition to the Council for a local improvement, may withdraw his/her <br />name by statement in writing filed with the Council before such petition is presented to the <br />Council. <br /> <br /> Subdivision 4. If any portion of the cost of a local improvement is to be paid from ad <br />valorem taxes, then the City may proceed with the local improvement, and may issue general <br />obligation bonds to finance the local improvement, only after obtaining approval of a majority of <br />the voters voting on the question at a general or special election. The ballot shall generally <br />describe the proposed local improvement, the estimated principal amount of bonds to be issued <br />to finance the local improvement, and the estimated percentage of total debt service on the bonds <br />expected to be paid from ad valorem taxes. <br /> <br />Subdivision 5. Street reconstruction and bituminous overlays. The City may without <br />regard for the election requirement under subdivision 4, proceed with the improvement project