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The procedure for local improvements may be commenced by the Council either on its own initiative or upon receipt of a petition in the manner provided in the code. The Council shall prescribe in the code the complete special assessment procedure for local improvements and for agreements for furnishing capital improvements and the extension thereof in lieu of assessment. For local improvements, such code provision shall include and require the following:

(1) the procedure for filing petitions for local improvements;

(2) a survey and report by the City Manager concerning the need for, desirable extent of, and estimated cost of each proposed local improvement;

(3) a public hearing by the Council on the necessity for the local improvement;

(4) a resolution of the Council determining to proceed or not to proceed with the proposed local improvement;

(5) a public hearing by the Council on the special assessment roll for the local improvement;

(6) publication of notice of each hearing required by this section in a newspaper published within the city and by first class mail to persons whose names appear on the current assessment roll as owners of real property within the special assessment district;

(7) a resolution confirming the special assessment roll for the local improvement.