A. The city council may disestablish a district by ordinance after a hearing before the city council. The city council shall adopt a resolution of intention to disestablish the area at least 15 days prior to the hearing required by this section. The resolution shall give the time and place of the hearing.
B. This procedure may be initiated by the council upon its own motion, or upon petition to the council for disestablishment. A petition shall be signed by licensed business owners in the district who, (1) in the aggregate, pay more than 50% of the total assessments paid within a 30-day period, and in this connection, the date that each signer signed the petition shall be set opposite the signer's name.
C. The finance director shall then compute the total amount of assessments paid by each of said signers, and if the total so paid exceeds 50% of the total assessments levied and paid under this chapter, then the council shall adopt and publish a resolution of intention mentioned in the aforesaid section 3.34.200.
D. Neither the initiation of the procedure by the council upon its own motion, nor pursuant to the petition herein provided for, shall limit the council's discretion with respect to the adoption or non-adoption of a disestablishment ordinance.
(Ord. 2523 §1 (part))