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as a proposed improvement district, then the council may reject or accept the petition. <br />If the petition is accepted, the council shall nreeeed in thenffiallfier- s though th <br />publish,p1wi for the impfevement had been initiated on its own motion, except that it sh <br />mail, <br />of post notiees of the pfepes <br />impfovemeffts, as pfev'-iEled fef in seetiefi 12 10. i the ease —8f a petitiAn <br />thereto, any other provii sion or section to the contrary notwithstanding. in the eas <br />owners of one hundred percent of the ffentage of area of land designated as <br />the pfoposed assessments f . sueh impfovemefAs,]sue by resolution requiring not more <br />than one reading for its adoption, direct the responsible director or manager to <br />prepare and submit to council a report meeting the requirements of section 12-10(a) <br />and (b) in the same manner as though the plan for the proposed improvement or <br />improvements had been initiated by the council on its own motion. Upon <br />submission of the report of the responsible director or manager, including the plans <br />and estimates of each cooperating department, if applicable, the council may, by <br />resolution requiring not more than one reading for its adoption, approve and adopt <br />such report, including applicable surveys, plans, maps and other data reported by the <br />responsible director or manager and each cooperating department, and create, define <br />and establish the improvement district in accordance with sections 12-18, 12-19, 12- <br />20 and 12-21. In any such case, any other provision or section to the contrary <br />notwithstanding, it shall be unnecessary to give the notice of or to hold the hearing; <br />specified by section 12-10, the provisions of section 12-12 shall be not apply, and it <br />shall be unnecessary to give the notice or to hold the hearing specified by section 12- <br />27 and the council may immediately proceed to fix the assessments in the manner <br />provided by section 12-29[.] without further hearings or actions of council pursuant to <br />this chapter. <br />(b) No such improvement shall be approved by the council unless: <br />(1) The assessed valuation for taxation purposes of the assessment units to be <br />improved is twice the estimated cost of the proposed improvement; or <br />0 <br />