a. Service districts.Districts formed for the purpose of rendering services may be dissolved at any time by the procedure provided in this Article for the formation thereof; provided, that the City Council may initiate proceedings on its own motion, in which case no petition shall be required. Upon dissolution, the City Council may, and the ordinance dissolving the district may, provide that the tax rate shall be levied for a sufficient period of time necessary to repay any deficit in the district fund at the time of dissolution.

b. Improvement districts.Districts formed for the purpose of constructing improvements shall be automatically terminated as follows:

When work has been performed and the cost thereof collected. Such dissolution shall be done by resolution of the City Council, without notice.

c. Disposition of funds.When a district is dissolved, any amount remaining in the district fund shall be transferred to the general funds of the City. Any deficit shall be a proper charge against the City and may, in the City Council’s discretion, be paid from general funds.