At the public hearing required by Section 3 (6A.03), or at the time and place to which same may be adjourned from time to time, all persons whose property may be affected by such improvement may appear in person or by attorney or by petition. After said public hearing and after considering any objections, the governing body by resolution may confirm, amend or rescind the original resolution as its final action. Such final action shall be the final determination of the issues presented unless the owners of property to be benefited file, within ten (10) days thereafter, a petition for a referendum on the original resolution signed by ten per cent (10%) of the said property owners. Upon the filing of the petition in the office of the City Clerk, it shall be the duty of the governing body to call an election on the special question of approval or non-approval of the original resolution. Said election shall be called by resolution of the governing body at its next regular meeting and shall be held in the same manner and by the same officials as a general municipal election except that the municipal building shall be the sole voting place, and notice thereof shall be given by publication not less than two (2) times in a newspaper of general circulation, the first of which publication shall be made not less than twenty (20) days prior to the date of such election. No other notice shall be necessary. The qualifications of voters voting on the question shall be that of ownership of property which may be affected by such improvements. All laws applicable to general elections shall apply to the determination of the approval or non-approval of the resolution. The approval or non-approval of the resolution by the voters shall be the final determination of the issues. It shall be the duty of the governing body of such municipality to enter upon its minutes the results and returns of such election.
Failure to file a petition for a referendum within ten (10) days shall constitute a waiver of all objections. [As added by Priv. Acts 1970, ch. 276, § 4]