The City Council may, at its discretion, finance its share of costs for any improvement in 1 or more of the following methods, or any combination.
(A) Street and other surface improvements:
(1) Pay all or portions of the reconstruction costs with ad valorem city tax funds, municipal, state aid street funds, reserves or other funds, which may be appropriate and available to the city from time to time; and/or
(2) For street reconstruction or repairs required due to a utility line relocation repair, or replacement, the city shall require total cost covered from the appropriate utility fund or whatever private utility company may be involved.
(B) Water and sewer improvements:
(1) Pay all or portions of the project cost through an assessment of all properties which have contributed to the inadequacy of the original project and/or who are benefitted by the project;
(2) Require payment from utility revenues of the appropriate utility fund; and/or
(3) Levy an ad valorem tax to pay all or a portion of the city's share of any project or use other funds as may be available to the city from time to time.
(Ord. passed 6-16-1998)