In the event that all persons or property owners to be affected by any proposed improvement agree that the proposed improvement be made and that a special assessment be levied in connection therewith, the municipality may, in lieu of the foregoing procedure, enter into a written contract with all of the persons or property owners affected thereby, which contract, when properly approved and executed, shall operate as a complete special assessment procedure, and the assessment shall be made in accordance with the contract.
(‘83 Code, § 100.20) (Ord. 78-012, passed 5-1-78)