The Council shall consider the following in assessing cost of the local improvement:
(A) The use of any just and reasonable method of determining the extent of the local improvement district boundaries consistent with the benefits derived, the State Constitution, and state law;
(B) The use of any method of apportioning the actual cost among the properties to be specifically benefitted which is just and reasonable and consistent with the State Constitution and the state laws;
(C) Payment by the city of all or any portion of the actual cost or estimated actual cost of any improvement. If, in the opinion of the Council, there is a general public benefit which will result from the public improvement, or when the Council otherwise believes it to be just and reasonable, the city may contribute funds towards the local improvement; and
(D) Other available means of financing the estimated actual cost of the local improvement, including federal or state grants-in-aid, sewer services or other types of services or charges, revenue bonds, general obligation bonds, or other legal means of finance. In the event any of the other means of finance are used, the Council may, in its discretion, levy assessments for local improvement districts hereunder according to benefits to cover any part of the cost, subject to the constraints of the State Constitution and state laws, of the local improvement not covered by the means.
(Ord. 333-99, passed 12-14-1998)