After the public hearing held pursuant to §§ 33.07 and 33.08, if the Council desires to proceed with an advance financed public improvement, it shall pass an advanced financing resolution accordingly. The resolution shall designate the improvement as an advance financed public improvement and provide for advance financed reimbursement by benefiting property owners pursuant to this subchapter. When the developer is a private developer, the Council will enter into an agreement between the developer and the city pertaining to the advance financed public improvement and may, in such an agreement, require such guarantee or guarantees as the city deems best to protect the public and benefiting property owners, and may make such other provisions as the Council determines necessary and proper.
(Prior Code, § 33.09) (Ord. 364, passed 4-14-1997)