(a) The board of commissioners may, not more often than one (1) time each year, require the assessor to reassess the benefits in a suburban improvement district. However, if the district has incurred any indebtedness or issued bonds, the total amount of assessed benefits shall never be diminished.
(b)
(1) The reassessment shall be filed with the county clerk of the county.
(2)
(A)
(i) The secretary of the board of commissioners shall give notice of its filing by publication one (1) time each week for two (2) consecutive weeks in a newspaper published and having a general circulation in the county.
(ii) The form of the notice shall be substantially as follows:
(B)
(i) The secretary shall send a copy of the notice by certified letter to each owner of realty within the boundaries of the district whose assessment has increased as a result of the assessment.
(ii) The letters of notification shall be mailed not less than fifteen (15) days nor more than thirty (30) days before the date of hearing. The letter notices shall advise each property owner of the benefits or damages assessed against all of his or her property located within the district.
(c)
(1) On the day named in the notice, the board of commissioners and assessor shall meet together at the place named as a board of equalization and hear all complaints against the reassessment and equalize and adjust the reassessment.
(2) The determination is final unless suit is brought in court to review it.
“Notice is hereby given that the reassessment of benefits and damages of District Number ___ has been filed in the office of the county clerk of ___ County, and it is open to inspection. All persons wishing to be heard on the reassessment will be heard by the commissioners and the assessor of the district between the hours of 10 a.m. and 4 p.m., at___, in City of___, Arkansas, on the day of___, 20___. Secretary ___”.