At the conclusion of the public hearing on the engineer's report, unless proceedings for formation of the Franklin Villa assessment district have been abandoned, the city council may adopt a resolution ordering the formation of the district, confirming the diagram and assessment as originally proposed in the engineer's report or as modified by the city council, and establishing a district budget for the fiscal year referred to in the report. The adoption of the resolution shall constitute the levy of the confirmed assessment. (Prior code § 86.05.580)