This chapter is adopted pursuant to the Parking and Business Improvement Area Law of 1989, California Streets and Highways Code Section 36500 et seq., and as amended (the Law), and Resolution of Intention No. 2008-042 titled "A resolution of the city council of the city of Sacramento declaring its intention to establish the Sutter business improvement area (SBIA), declaring its intention to levy an assessment on restaurant businesses within such district for fiscal year 2008-09, and fixing the time and place of a public meeting and a public hearing thereon and giving notice thereof." Such resolution was published and mailed as provided by law, and hearings thereon were held by the city council at its regular meeting on March 11, 2008, for a public meeting, and March 25, 2008, for a public hearing, on the establishment of the SBIA and the levy of assessments. The city council duly concluded the hearing on March 25, 2008, and determined that protests objecting to the formation of the area have not been made by a majority of the businesses within the area and that such protests are overruled and denied. The city council finds that the business improvement area, in the opinion of the city council, will be benefited by the expenditure of the funds raised by the charges proposed to be levied. (Ord. 2008-015 § 1)