A public hearing on the adoption of an ordinance creating a self-help business improvement district may be called only if the governing body of a municipality finds all of the following:
(1) That a request for the creation of a self-help business improvement district which satisfies the requirements of Section 11-54B-84 has been filed with the clerk of the municipality.
(2) That the area described in the self-help business improvement district plan would benefit from being designated as a self-help business improvement district.
(3) That the self-help business improvement district plan includes a designated district management corporation to provide administrative and other services to benefit businesses, properties, employees, residents, and consumers in the self-help business improvement district.
(4) That the self-help business improvement district plan includes a special assessment that will be levied by the municipality on the district members to finance the supplemental services described in the plan, and that the assessment is expected to produce revenue that is consistent with the annual budget adopted and approved as provided in this article.
(5) That the copies of the articles of incorporation and bylaws of the district management corporation satisfy the requirements of Section 11-54B-89.
(6) That it is in the best interest of the municipality and the public to designate the area described in the plan as a self-help business improvement district.
(7) That the existing level of publicly funded services provided by the municipality in the geographical area of the proposed district has been documented in writing and certified by the mayor of the municipality.