Council determinations for certain improvement districts

A. In proceedings initiated by petition, as provided in section 14.40.020 , if more than 50 percent in area of the land to be assessed is owned by one person, or by two or more persons who are joint owners or who are acting jointly in the development of the land owned by them, the declaration provided for in subsection B of section 14.50.190 shall be made only after the following determinations are made by the council, which determinations shall be set forth in the ordinance in which the declaration is made: 1. That the appraised value of each parcel of land within the improvement district which is to be assessed, appraised in accordance with prevailing standards then in use by banks for loan purposes and upon the assumption that all of the proposed public improvements have been completed, is twice the amount to be assessed upon each such parcel, respectively; and 2. If applicable, that the plan of such owner or owners for development and use or disposition of their land is feasible. B. The determinations specified in subsection A of this section shall be made only after a report on such appraised values and such plan has been made and filed by the director of public works. In preparing such a report, the director shall require the owner or owners to furnish to him all information and data deemed pertinent to such report and may confer with such other county personnel and consultants specially employed pursuant to section 14.42.040 as he deems necessary or desirable. (Ord. 801 § 1 (part), 1974: prior code § 25-7.6.6)