A. Benefited Property Liable For Costs: The City Council may provide for the recovery of all or any part of the cost of public improvements through special assessments against the property benefited by the improvements.
B. State Law Compliance; Assessment Due Following Completion: Any such special assessments shall be levied and collected as provided by Minnesota Statutes chapter 429, except that the City Council may, in its discretion, provide for the delay of the commencement of the payment of installments of principal of special assessments for sewer or water for a period of not to exceed five (5) years; provided, however, that interest shall be assessed without any such delay and the commencement of the payment of installments of principal shall not be delayed beyond the time when the sewer or water is used for the parcel of property being assessed. (Ord. 429, 10-2-1972)