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shall be in writing, signed by the praprr owner, and state whether the property owner prefers all, a specific ant of the alternative cambinabon.s, or nave of the recor-r n nded public improvements. Subd_ 2. preferences counted. Property owners who sieved a petition to initiate the public improvement shall be considered to have indicated a preference for all of the public improvements described in the petition., -finless they indicate a different preference during the 60- day waiting period_ The restrictions on who may sign a petition, described in Section 8.044, Subd_ 4 above, also apply to determine who may indicate a preference. If multiple owners of a lot or lots indicate different preferences, no preferences shall be counted for that lot or lots. Subd. 3. Utilities in streets. Some utilities typically are installed during street improvements, which usually costs less than constructing the street and utilities separately. If propeerry owners prefer an alternative which results • in a street being improved without u;iTsties recommended by star, then the utilities may not be installed in that street within five years after completion of the street, -finless the installation of utilities and any related street repair will be paid for without using any of the City's general revenue. Section 8.08. City Connriil _4caon. Subdivision 1. _Approval of preferred alternative. At the first regular City Council meeting occurring ate the 60-day period ends, the City Council shall approve the alternative which was preferred by the largest number of property owners. If the largest number of property owners indicated a preference that none of the recommended public improvements be constructed, then the City Council shall not approve any of the proposed public improvements. Subd. 2. Second waiting period. If the preferred alt. - native is to have some or all of the public improvements constructed, then there shall be a period of at least 60 days between the day the City Council approves the preferred alternative and the date of the next City Council action on the proposed public improvements. Taxpayers are given this 64 -day period so that they may petition for a referendum as provided in Section 8.09 below. Section 8.09. Taxpayer Referendum. Subdivision 1. Petition. when a proposed public improvement is to be funded in part throe h gentlial r °venue, the taxpayers of the City may, petition for a referendum on the public improvements. Any reOstered voter may sign the petition for a referendum. To Eiger a referendum, the number of valid Ric:matures on the petition must equal or exceed 12% of the number of votes cast for mayor in the last mayoral election. • • •