A person seeking to establish a land reclamation and improvement authority shall file a petition with the department. The petition shall meet all of the following requirements:

  (a) Include all of the following:

  (i) The name and address of the person filing the petition.

  (ii) The name of the proposed authority, which shall not be similar to the name of the county within which the proposed authority district is located or to the name of a local unit of government all or part of which is located within that county.

  (iii) The boundaries of the proposed authority district.

  (iv) A description of a blighted area within the proposed authority district.

  (v) A general description of anticipated improvements, including a preliminary estimate of costs and schedule of completion.

  (vi) A request that the department approve the establishment of the authority.

  (b) Be signed by the record owners of all of the land within the proposed authority district.

  (c) Be accompanied by a written nomination of 1 individual for appointment to a 4-year term and 1 individual for appointment to a 6-year term on the authority board.

  (d) A copy of the petition, with copies of all items listed in subdivision (a), shall be filed with the director of the department of natural resources at the same time as the petition is filed with the department.