(A) In order to defray the costs and expenses of improvements, the Mayor and Council shall have power and authority to levy and collect special taxes and assessments upon the lots and pieces of ground adjacent to or abutting upon the street, avenue, alley or sidewalk, thus in whole or in part improved or repaired or which may be specially benefitted by such improvements; provided, the above provisions shall not apply to ordinary repairs of streets or alleys, and the cost of such repair shall be paid out of the Street Fund; and the Mayor and Council are authorized to draw warrants against such Fund not to exceed 85% of the amount levied as soon as levy shall be made by the County Board.
(2005 Code, § 8-313)
(B) The cost of making such improvements of the streets and alleys within any street improvement district shall be assessed upon the lots and lands in such districts specially benefitted thereby in proportion to such benefits. The amounts thereof shall be determined by the Mayor and Council under the provisions of § 8-303 of this article. The assessment of the special tax for the cost of such improvements, except as provided in this section, shall be levied at one time and shall become delinquent in equal annual installments over such period of years, not to exceed 20, as the Mayor and City Council may determine at the time of making the levy, the first such installment to become delinquent in 50 days after the date of such levy. Each of said installments, including those for graveling and the construction and replacement of pedestrian walks, plazas, malls, landscaping, lighting systems and permanent facilities used in connection therewith as hereinafter provided, except the first, shall draw interest at a rate established by the Mayor and Council not exceeding the legal maximum rate from the time of the levy until the same shall become delinquent. After the same shall become delinquent, interest at a rate not exceeding the legal maximum shall be paid thereon. Should there be three or more of said installments delinquent and unpaid on the same property the Mayor and City Council may by resolution declare all future installments on such delinquent property to be due on a future fixed date. The resolution shall set forth the description of the property and the names of its record title owners and shall provide that all future installments shall become delinquent upon the date fixed. A copy of such resolution shall be published one time each week for not less than 20 days in a legal newspaper of general circulation published in the city and after the fixed date such future installments shall be deemed to be delinquent and the city may proceed to enforce and collect the total amount due and all future installments. As to assessments for graveling alone and without guttering or curbing, one-third of the total amount assessed against each lot or parcel of land shall become delinquent in 50 days after the date of the levy of the same, one-third in one year and one-third in two years.
(2005 Code, § 8-314)