If any unexpended balance, after payment for the improvement, of the sums derived from the assessments and of the City’s share of costs and expenses for any improvement remains in the special fund provided for in Section 6.118 hereof, at or after the expiration of the period specified in the Ordinance of Intention, it shall be credited to the funds to be raised for the next ensuing period of the improvements with the exception of the funds as provided for in Section 6.96 of this article. The unexpended balance of the funds set aside for defraying the cost and expenses of replacement of obsolete equipment as provided for in said Section 6.96 of this article may be carried forward to the succeeding assessment year for said purpose. Whenever the City Council, in its discretion, does not reorder the said improvement to be made, any such unexpended balance may be retained in such fund to be used by the Department of Public Works to defray the costs and expenses of securing or dismantling and storing the lighting system, or portions thereof, or in any manner to maintain the said lighting system in good repair and condition, or to insure the public safety, or in restoring the said lighting system to service at a subsequent date; provided, however, that if such unexpended balance be insufficient to cover such costs and expenses, the City Council, in its discretion and from time to time, may order that a sufficient amount to meet such costs and expenses be paid out of the City Treasury from such funds as it may designate.
SECTION HISTORY
Based on Ord. No. 75,000.
Amended by: Ord. No. 132,478.