(A) District and area disestablishment. The City Council may disestablish the district or area or any part thereof, by ordinance after a hearing before the City Council. The City Council shall adopt a resolution of intention to disestablish the district or area at least 15 days prior to the hearing required by this section. The resolution shall give the time and place of the hearing, and notice shall be given thereof in manner and form as provided by § 35.114 of this subchapter. Upon disestablishment of the district or area, or any part thereof, any proceeds of the tax, or assets acquired with such proceeds, shall be subject to disposition as the City Council shall determine; and the additional charge assessed on the business license for the purpose of this subchapter, shall no longer be assessed or collected by the city.
('63 Code, § 8-7.12)
(B) Petition to disestablish.
(1) The Council shall disestablish the district upon receipt of a written petition signed by 51% of the businesses within the district.
(2) For each business, the petition shall state the name and address of the business and the city business license number of the business. The petition may be signed by the owner of the business, an officer of a corporation, or on behalf of the owner by an agent authorized in writing by the owner to act as his agent.
(3) The City Clerk shall review and certify the adequacy of the petition to the Council. Only those businesses holding a current business license shall be recognized for the purpose of this section.
(4) The disestablishment hearing shall be called in the same manner specified in § 35.114 of this subchapter.
('63 Code, § 8-7.12)
(Ord. 385-C.S., passed 7-21-83)