(a) Except as provided in subsection (b), if the council determines that the public convenience and necessity require a change permitted under § 27-4.1 or require the levy of a new special tax, the council may approve an ordinance of consideration to do so. The council shall have the full discretion to commence proceedings to make the change or new levy when deemed appropriate. The receipt of a petition under § 27-4.3 shall not require or obligate the council to commence the proceedings.
(b) The council shall not approve an ordinance of consideration to reduce the term of a district, reduce the realization from a special tax, or terminate the levy of a special tax if doing so will jeopardize the payment of debt service on bonds issued for the district or impair the security for the bonds.
(c) An ordinance of consideration for a district shall be an amendment of the ordinance of formation for the district. The ordinance of consideration shall contain the pertinent information required by § 27-4.5.
(1990 Code, Ch. 34, Art. 4, § 34-4.2) (Added by Ord. 96-18)