The City Council shall consider creation of an economic improvement district whenever owners of the properties file with the City Recorder a petition for the establishment of a district containing the signatures of the owners of 33% or more of the area of the assessed value of subject properties within the proposed district; or when the City Council, on its own motion, decides to undertake the consideration of the district. Any petition filed by the owners as set forth above shall contain a proposed economic improvement plan. If the Council, on its own motion, decides to consider such a district, it shall instruct the city staff to prepare the economic improvement plan.
(Ord. 982, passed 1-7-1997)