PETITION.

(a) A petition for the establishment of a public improvement district must state:

(1) the general nature of the proposed improvement;

(2) the estimated cost of the improvement;

(3) the boundaries of the proposed assessment district;

(4) the proposed method of assessment, which may specify included or excluded classes of assessable property;

(5) the proposed apportionment of cost between the public improvement district and the municipality or county as a whole;

(6) whether the management of the district is to be by the municipality or county, the private sector, or a partnership between the municipality or county and the private sector;

(7) that the persons signing the petition request or concur with the establishment of the district; and

(8) that an advisory body may be established to develop and recommend an improvement plan to the governing body of the municipality or county.

(b) The petition is sufficient if signed by:

(1) owners of taxable real property representing more than 50 percent of the appraised value of taxable real property liable for assessment under the proposal, as determined by the current roll of the appraisal district in which the property is located; and

(2) record owners of real property liable for assessment under the proposal who:

(A) constitute more than 50 percent of all record owners of property that is liable for assessment under the proposal; or

(B) own taxable real property that constitutes more than 50 percent of the area of all taxable real property that is liable for assessment under the proposal.

(b-1) A person is a qualified petitioner under Subsection (b-2) if the person:

(1) is employed in a management position responsible for overseeing the operations of a hotel, including:

(A) the owner or general manager of a hotel;

(B) a regional manager who oversees the operations of a hotel; or

(C) an employee of a management company who oversees the operation of a hotel; and

(2) provides a written statement that the person is authorized to enter into a binding agreement concerning the operation of a hotel on behalf of the owner of a hotel.

(b-2) Notwithstanding Subsection (b), a petition for the establishment of a public improvement district described by Section 372.0035(a-1) is sufficient only if the petition is:

(1) signed by qualified petitioners who represent more than 60 percent of the appraised value of hotel property liable for assessment under the proposal, as determined by the current roll of the appraisal district in which the property is located, and who:

(A) represent more than 60 percent of all hotels that are liable for assessment under the proposal; or

(B) represent more than 60 percent of the area of all real property that is liable for assessment under the proposal; and

(2) accompanied by the written statement described by Subsection (b-1)(2) for each qualified petitioner signing the petition.

(c) The petition may be filed with the municipal secretary or other officer performing the functions of the municipal secretary.