A. The city may at any time, pursuant to the provisions of section 36080 of the Streets and Highways Code, disestablish the area hereby created. 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 taxpayers in the area who, (1) in the aggregate, pay more than 50% of the total license taxes paid within the area and assessed in the fiscal year in which the petition is filed, and (2) have signed the same 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.
B. The finance director shall then compute the total amount of taxes paid by each of said signers, and if the total so paid exceeds 50% of the total tax levied and paid under this chapter, then the council shall adopt and publish a resolution of intention mentioned in the aforesaid section 36080.
C. 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 nonadoption of a disestablishment ordinance.
(Ord. 1125 §14, Ord. 2113 §1, Ord. 2268)