(A) Before the City Council shall consider the making of any local improvement, the Council shall cause to be prepared a report which shall include necessary plans, profiles, specifications and detailed estimates of cost, an estimate of the life of the improvement, a description of the assessment district or districts, and such other pertinent information as will permit the Council to decide the cost, extent and necessity of the improvement proposed and what part or proportion thereof should be paid by special assessments upon the property especially benefitted, and what part, if any, should be paid by the city-at-large.
(B) The Council shall not finally determine to proceed with the making of any local improvement until the report has been filed nor until after a public hearing has been held by the Council for the purpose of hearing objections to the making of the improvement.