(1) The Council shall hold a public hearing on the proposed Economic Improvement District at the time and place stated in the notice to owners of properties. The public hearing shall be held no sooner than 30 days after mailing the notice.

(2) At the public hearing on consideration of the District ordinance, City Council shall hear objections to the formation of the district, and objections to classification of property for assessment.

(3) Objections to Formation of District. If owners of property upon which greater than thirty-three percent (33%) of the total amount of the assessment is levied oppose creation of the District, then the District shall not be formed and the assessment shall not be made.

(4) Objections to Classification for Assessment. Property owners who file objections to classification of exemption shall have the burden of proving their property is exempt from the assessment. The City Manager shall present the City’s case for the classification. Decisions of City Council with respect to assessment classification are final.

(5) The Council may continue the hearing to such other time and place as it may deem appropriate. At the hearing, persons supporting or objecting to the proposed improvement and assessment shall be entitled to be heard.

(6) If the Council, at the conclusion of the hearing, finds that the economic improvements will afford a special and peculiar benefit to subject properties within the Economic Improvement District different in kind or degree from that afforded to the general public and that the Economic Improvement District should be established, then the Council may adopt a resolution stating those findings and establishing the District.