When it is deemed necessary to make a public improvement to be paid for in whole or in part by special assessment, Council shall declare the necessity thereof by resolution, and such resolution shall include the method of assessment, the mode of payment, and the number of annual installments. Such resolution shall thereupon be certified to the Director of Finance, who shall thereupon proceed to make an assessment report, in accordance with the method of assessment provided in the resolution, which report shall be filed with Council, and shall show the lots and lands assessed, and the amount of the assessment as to each. Such special assessment shall be payable in such number of annual installments and at such times as the legislative authority prescribes, provided that the number of annual installments of any assessment shall not exceed the maximum maturity for which bonds may lawfully be issued in anticipation thereof. If no period of such maximum maturity is specified then the period for which such assessments shall be levied shall not be less than one year, but may not exceed the estimated life of the usefulness of the improvement as certified by the Director of Finance.
(Ord. 20-18. Passed 6-18-2018.)