(a) When the governing body of any city or incorporated town in this state shall deem it desirable to enter into a street improvement program in that city or town or any defined portions thereof, the governing body of the city or town may cause studies to be made of the needs for street improvements including grading, paving, curbing, guttering, and drainage and storm sewers in the city or town or the designated areas thereof. The governing body may cause studies to be made of the approximate cost of the improvements and the approximate amount which would need to be assessed against each parcel of property to pay the cost of the proposed improvement.
(b) Upon the completion of the study and determination as provided for in this section, the governing body of the municipality shall adopt a resolution setting out the findings and determinations and shall cause the findings and determinations to be published one (1) time in a newspaper of general circulation in the municipality.