§ 110-103. Assessments and bonds.

The council shall have the following authority and powers within the special assessment districts with respect to financing the costs of the projects:

(1)

To levy and collect assessments against property deemed to be benefited by the projects or any portion thereof in the manner provided herein;

(2)

To authorize and issue bonds payable from pledged revenues and such other funds, if any, that the council may covenant to budget and appropriate pursuant to section 110-151 hereof to finance the cost of the projects in the manner provided in this article;

(3)

To authorize and issue notes to finance the cost of the project payable from the moneys described in section 110-155 hereof; and

(4)

To exercise any and all of the powers of the county not enumerated above necessary or incidental for the purpose of providing the services, improvements and benefits described herein.

(Ord. No. 94-19, Art. I, § 3(Art. 2, § 2.3), 12-15-94)