After the public hearing, the Council may, by resolution, determine to make the improvement and defray the whole or any part of the cost of the improvement by special assessment upon the property especially benefitted in proportion to the benefits derived, or to be derived. By this resolution the Council shall approve the plans and specifications for the improvement, determine the number of installments in which assessments may be paid, determine the rate of interest to be charged on installments (not to exceed 6% per annum), designate the district or land and premises upon which special assessment shall be levied, direct the Assessor to prepare a special assessment roll in accordance with the Council's determination, and designate the name or number by which the assessment roll shall be known and referred to.
(‘83 Code, § 100.10) (Ord. 78-012, passed 5-1-78)