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AMENDMENT OPTION TWO <br /> <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, a <br />petition against such improvement is filed with the Council, signed by a majority of the owners <br />proposed to be assessed for such improvement, , the Council shall not make such improvement at <br />the expense of the property benefitted, unless, in the meantime there be filed with the Council a <br />petition asking that the improvement be made, signed by property owners proposed to be <br />assessed for such improvement at least equal in number to those who signed the petition against <br />the improvement, in which event the Council may disregard the petition against the <br />improvement. Any person whose name appears on a petition to the Council for a local <br />improvement, may withdraw his/her name by statement in writing filed with the Council before <br />such petition is presented to the 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 issue d <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. Not withstanding <br />subdivision 4, the City may proceed with a street reconstruction or bituminous overlay project <br />and may issue general obligation bonds if the conditions of Minnesota Statu tes, Section 475.58, <br />subdivision 3b, are met. <br /> <br />Subdivision 6. When a proposed improvement is allowed under subdivisions 3, 4 or 5, <br />notwithstanding anything to the contrary in Minnesota Statutes, Section 429.031, subdivision 1, <br />clause (f), a resolution ordering the local improvement may be adopted at any time between sixty