(A) Adopt ordinance. If the Town Council at the hearing, or at any later time or times to which the hearing might be continued, determines to proceed with the project, an ordinance shall be adopted. The ordinance shall be based on the items considered and shall include the following:
(1) An order that the district within which the local improvements shall be made is formed and the order shall include a description of the district’s boundaries;
(2) A finding relating to notice and public hearing requirements of this chapter;
(3) A finding or ruling on the protests, if any had been lodged;
(4) A finding that the local improvement project is in the public interest and that special benefits are anticipated to result to the affected properties;
(5) An approval of the plans for the project;
(6) An order directing construction of the improvements;
(7) An approval of the proposed assessments schedule and the manner or method of levying the assessments in accordance with § 8-4-8 of this chapter; and
(8) An approval of the installment schedule for the payments of assessments when levied and the maximum interest rate, if applicable.
(B) Objections and remonstrances. The ordinance may expressly rule upon objections and remonstrances. If no express ruling is made, adoption of the ordinance will have the effect of overruling all objections and remonstrances.
(C) Defeat of ordinance. By defeat of a proposed ordinance, the Town Council will determine that the improvement project is not in the public interest, but it shall not limit proceedings for the same or similar improvements from being considered again at any time in the future.
(Ord. 9(1976) § 1-6(a))