(1) The owners of property to be assessed within an assessment area may waive: (a) the prepayment period under Subsection 11-42-411(6); (b) a procedure that a local entity is required to follow to: (i) designate an assessment area; or (ii) levy an assessment; or (c) a period to contest a local entity action.

(a) the prepayment period under Subsection 11-42-411(6);

(b) a procedure that a local entity is required to follow to: (i) designate an assessment area; or (ii) levy an assessment; or

(i) designate an assessment area; or

(ii) levy an assessment; or

(c) a period to contest a local entity action.

(2) Each waiver under this section shall: (a) be in writing; (b) be signed by all the owners of property to be assessed within the assessment area; (c) describe the prepayment period, procedure, or contest period being waived; (d) state that the owners waive the prepayment period, procedure, or contest period; and (e) state that the owners consent to the local entity taking the required action to waive the prepayment period, procedure, or contest period.

(a) be in writing;

(b) be signed by all the owners of property to be assessed within the assessment area;

(c) describe the prepayment period, procedure, or contest period being waived;

(d) state that the owners waive the prepayment period, procedure, or contest period; and

(e) state that the owners consent to the local entity taking the required action to waive the prepayment period, procedure, or contest period.