If the owners of taxable real property or taxable land, as the case may be, in the district having an assessed valuation of more than one-half of the assessed valuation of all taxable real property or all taxable land, as the case may be, in the district at the conclusion of the hearing have on file and have not withdrawn their written protests objecting to the formation of the district, the legislative body shall find that a majority protest has been filed, and no further proceedings shall be taken for a period of one year from the date of the decision of the Mayor and Common Council on the hearing unless the protests are overruled by an affirmative vote of four-fifths of the members of the Common Council in which event the proceedings may continue as if no majority protest had been made. Any person making a protest may withdraw the protest, in writing, at any time prior to the conclusion of the protest hearing.
(Ord. 3589, 7-06-76)