Should the special assessment or the proceeds of sale of any special assessment bonds prove larger than necessary to meet the costs of the improvement, or to meet the principal and interest requirements of any special assessment bonds and expenses incidental thereto, the excess shall be placed in the City Treasury. If such excess is more than five percent, the excess shall be returned pro rata according to assessments, except as otherwise provided in Section 248.20. No refunds may be made which contravene the provisions of any evidence of indebtedness secured in whole or in part by such special assessment.
(Ord. 81-7. Passed 7-13-81.)