When the city undertakes a public improvement project to be financed by assessments of benefited property owners pursuant to KRS 91A.200 to 91A.290, the city may provide for the installment payment of such assessments and for long-term financing of that portion of the cost of the improvement project assessed against property owners who elect installment payment by the issuance and sale of revenue bonds pursuant to KRS 91A.220(3), as hereinafter set out in this chapter.
(B) If, in the comprehensive report required by KRS 91A.240 and the Ordinance adopted pursuant to KRS 91A.260, the city elects to make the installment payment plan with long term bond financing described in division (A) above available, the city may proceed to provide such plan and financing in the manner set forth in this chapter.
(Ord. O-18-83, passed 5-24-83)