A. The city manager is authorized, on behalf of the city, to enter into agreements with property owners whereby the city will permit the water pollution control plant capacity fees, trunkline capacity fees, and sewer main installation fees provided for by Title 15 of this code to be paid in installments over a period not to exceed five years and the property owners will agree to make such payments and encumber their property with covenants, running with the land, which consent to the imposition of an assessment lien to cover the remaining balance (and interest accrued and to accrue thereon) of such fees together with an appropriate share of the incidental costs of assessment district proceedings and waiving all rights of protests, objection, and litigation against such assessment and such proceedings.
B. As to property owners who have entered into agreements as described in subpart A of this section, the city may, from time to time and in its discretion, form assessment districts which consist only of the properties subject to such agreements for the purpose of paying the outstanding principal balances together with accrued interest of the sewer system fees due under such agreements, plus the incidental costs associated with the assessment district proceedings.
(Ord. 1586 §11 (part))