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Florence, KY Code of Ordinances
CHAPTER 39: PUBLIC IMPROVEMENTS AND PROJECTS
Section
Public Improvements - Installment Payment Plan
   39.01   Authority to provide installment plan financing
   39.02   City Engineer to prepare certificate of apportionment
   39.03   City Clerk to send notice requiring payment of assessment
   39.04   When payment due; delinquent payments
   39.05   Election of installment payment plan by property owner
   39.06   Payment procedure under installment payment plan
   39.07   Disposition of collected payments
   39.08   Sale of bonds in anticipation of collected payments
   39.09   Restrictions on issued bonds
Public Projects
   39.20   Public Properties Corporation established
PUBLIC IMPROVEMENTS - INSTALLMENT PAYMENT PLAN
§ 39.01 AUTHORITY TO PROVIDE INSTALLMENT PLAN FINANCING.
   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)
§ 39.02 CITY ENGINEER TO PREPARE CERTIFICATE OF APPORTIONMENT.
   Where the city has proceeded with an improvement or part thereof pursuant to KRS 91A.280(1), the City Engineer shall, at such time thereafter as the amount of the assessment of each benefited property owner may be accurately determined, prepare a certificate of apportionment showing the total cost of the portion of the improvement to be assessed; the number of assessable units of benefited property according to the basis of assessment to be utilized; the cost per assessment unit; the names of the owners of the benefited property; the number of assessable units owned by each person; and the proportionate part of the cost of the improvement to be assessed against the benefited property of each owner. The certificate shall be delivered to the City Clerk.
(Ord. O-18-83, passed 5-24-83)
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