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A special service district shall be initiated by a petition, signed by the owners representing 10% or more of the assessed value of all land and improvements within the proposed district. Such petition shall be filed with the City Clerk. Such petition shall contain at least the following:

a.A general description of the proposed boundaries.

b.A general statement of the services to be performed or the improvements to be made.

c.The name and address of each property owner signing the petition and the property owned by each signatory.

d.The maximum tax rate to be charged if less than the maximum provided in this Article. If no maximum is stated, it shall be presumed that the petitioners consent to the maximum allowed by this Article.

e.The petition may specifically exclude services to be performed by the district.