Arkansas Code Title 14. Local Government § 14-301-204. Petition--Sufficiency hearing--Action

(a) At the time and place stated in the notice, the governing body of the municipality shall meet and hear all owners of real property of the designated areas in the municipality who wish to be heard on the question of whether the petitions contain the signatures of a majority in value of the real property owners of the designated areas in the municipality and shall make a finding and ruling as to whether the petitions contain the signatures of a majority in value of the real property owners and shall publish the finding one (1) time in a newspaper of general circulation in the municipality.

(b) The finding and ruling of the governing body of the municipality with respect to the sufficiency of the petitions shall be final and conclusive unless questioned by action filed in the chancery court of the county in which the municipality is located within thirty (30) days after the date of publication of the findings.

(c) If the governing body of the municipality determines that the petitions and signatures on the petition are sufficient, it shall cause an assessment to be made against each lot or parcel of real property in the municipality or the designated areas, based upon the cost of the improvements to be borne by the property owners in the district and the benefits accruing to each lot and parcel of property because of the improvements, with the assessments on property in the municipality or designated areas to be ad valorem, according to value of benefits, and uniform.

(d) A copy of the assessed benefits shall be filed with the city clerk or recorder.

(e) Notice that the assessed benefits have been filed with the city clerk or recorder shall be published once in a newspaper of general circulation in the municipality, and the assessments shall be final and conclusive unless questioned by action filed in the chancery court within thirty (30) days after the date of publication of notice of the filing of the assessed benefits.