Before availing itself of the powers conferred by NRS 268.526 with respect to any project, a governing body shall:

1.  Give notice of its intention by publication at least once in a newspaper of general circulation published in the city, or if there is not such newspaper then in a newspaper of general circulation in the city published in the State; and

2.  Hold at least one public hearing, not less than 10 nor more than 20 days after the date of publication of the notice.