Before the powers granted by this article to the board of county commissioners shall be exercised there shall first be the petition of property owners as hereinbefore provided requesting improvements; public hearing upon the petition after ten (10) days’ notice in a newspaper regularly published in the county; approval of the petition by the board of county commissioners; and the passage of an appropriate ordinance, pursuant to the authority of this section, setting forth the improvements being constructed, the property owners affected, and all material terms of the annual benefit assessments levied to pay the cost of the improvements, or any reasonable portion thereof, as determined by the board of county commissioners; provided that no assessment shall exceed the total assessed value of the property, excluding any improvements thereon, after giving effect to benefits accruing thereto from the improvement for which assessed.
(Code 1959, § 38-8; 1972, Chapter 615, § 1)