(1) If the aforesaid second ordinance authorizes the undertaking of the proposed project and the financing thereof according to the "assessed value basis," which is authorized by this chapter, and if owners of benefited properties do not take action as permitted by KRS 107.060, or if such action be taken and shall result in final judgment permitting the city to proceed according to the first and second ordinances, the governing body of the city may proceed as authorized in this chapter.
(2) If the second ordinance of a wastewater collection project undertaken by a metropolitan sewer district authorizes the undertaking and financing of the project according to the first ordinance, and if no action is initiated as permitted in KRS 107.060, or if such action be taken and shall result in final judgment allowing the second ordinance to stand the board of the district may implement and finance construction of the project as authorized by this chapter.