The Bond Attorney will prepare the bond ordinance for the SAD with the assistance of the Department of Finance and Administrative Services. The bond ordinance sets forth the terms and provisions of the bonds payable from special assessment liens imposed on the tracts and parcels of property in the SAD and from any supplemental revenues pledged for payment of the bonds. Terms of bonds may vary in different SADs depending on circumstances, but shall not exceed a maximum maturity of 20 years.
(Ord. 44-1996)