Sec. 7. (a) A petition for the establishment of an improvement district under this chapter may be filed with the works board of a municipality by any of the following:

(1) An association established under section 8 of this chapter.

(2) The owners of at least twenty-five percent (25%) of the parcels of real property in the proposed improvement district if an association has not been formed under section 8 of this chapter.

     (b) A petition filed under this section by an association must be signed by a majority of the association’s directors.

     (c) A petition filed under this section must set forth all of the following:

(1) The boundaries of the proposed improvement district, including all of the real property that the petitioners believe will be specially benefited or damaged by the proposed improvement.

(2) The location and a general description of the proposed improvement.

(3) The estimated cost of the proposed improvement.

(4) As part of the petition or as an accompanying exhibit, the names and addresses of all the owners of real property within the boundaries of the proposed improvement district as the names and addresses are listed on the tax duplicates in the records of the county auditor.

As added by P.L.98-1993, SEC.9.