The City shall pay such part of the cost and expense of improvements for which such special assessments are levied, as Council deems just, which part shall not be less than one 50th of all such cost and expense; and in addition thereto the City shall pay the cost of intersections; and Council may provide for the payment of the City's portion of all such improvements by the issuance of bonds or notes therefor, and may levy taxes, in addition to all other taxes authorized by law, to pay such bonds or notes and the interest authorized by law. Council may provide for the transferring to the General Fund of such portion of the proceeds of special assessments or of the proceeds of bonds issued in anticipation of the collection of special assessments, and of the proceeds of bonds or notes issued or taxes levied to provide funds for the payment of the City's share of the cost of improvements, as is equal to the estimated cost of the engineering and inspection done or to be done directly by the City in connection with said improvement.
(Ord. 20-18. Passed 6-18-2018.)