(A) Any person being the owner, in fee simple, of real property located within the City and subject to assessment for the payment of City taxes, who desires to make an improvement thereto for the purpose of securing a water supply, sewer facilities or of any other nature falling within the classifications of improvements for which the organization of special improvement districts is authorized by statute, shall file in the office of the City Clerk an application in writing which shall state the following:
(1) The full name of the applicant and that they are the sole owner, in fee simple, of the real property to be benefitted by the proposed improvement, which property shall be described with the certainty required for recording title;
(2) Liens and encumbrances, if any, upon the real property which is the subject of the application; and
(3) Nature and extent of the proposed special improvement, estimated total cost of same, proportion of total cost which applicant would pay the City, on or before commencement of the work, in case it is contemplated that the work shall be done by the City under superintendence of its employees; and in case it is contemplated that the work shall be done by the applicant’s employees, including the necessary engineering service, subject to approval and acceptance by the City, then and in that event, the application shall state the name of the proposed engineer and the proportion of total cost which applicant would want the City to pay. In every application by the terms of which the City would be required to finance the improvement, either which payment would be deferred shall be stated.
(B) In part consideration for the financing of the cost of said improvement by the City, either in whole or in part, the applicant will enter into contract with the City, obligating the applicant to make promptly any and all deferred payments of expenses which may be incurred by the City in connection with such improvements, and agreeing that the City shall be entitled to a lien upon the real property to be benefitted by such improvements to secure such deferred payments. (1985 Code, § 15.06.010)