(A) The city may not finance any improvements in whole or in part through special assessments except as provided in this subchapter and in any applicable statutes.
(KRS 91A.200)
(B) Pursuant to KRS 91A.220(2), the City Council hereby establishes the procedure for determining the cost of an improvement which shall be apportioned on a fair basis. The basis shall be the “Benefits Received Basis” as defined in KRS 91A.210.
(C) The city may provide for lump sum or installment payment of assessments or for bond or other long-term financing, and for any improvement may afford property owners the option as to method of payment or financing.
(KRS 91A.220) (1992 Code, § 33.11) (Ord. 13-83, passed 5-12-1983)