The city council may disestablish the SBIA after holding a public hearing on the disestablishment. The city council shall adopt a resolution of intention to disestablish the area prior to the public hearing. The resolution must state the reason for the disestablishment, shall state the time and place of the public hearing, and shall contain a proposal to dispose of any assets acquired with the revenues of the assessments levied within the SBIA. (Ord. 2008-015 § 1)