The City Council may consider an ordinance to create an economic improvement district and impose assessments on its own motion or at the request of any person, entity, association, or City staff. The ordinance shall describe the economic improvement projects, contain a cost estimate and proposed formula for apportioning costs, describe the boundaries of the district and specify the number of years that assessments will be levied. The ordinance shall require notice to affected property owners of the time and place of a public hearing, which is to be held not sooner than 30 days after mailing or delivery of the notice. The ordinance shall provide that the assessments will not be made and the economic improvement district terminated when written objections are received at the public hearing from owners of property upon which more than 33 percent of the total amount of assessments is levied. [Ord. NS-2182, 2012]