If the Council determines that the local improvement shall be made, when the estimated cost thereof is ascertained on the basis of the contract award or city departmental cost, or after the work is done and the cost thereof has been actually determined, the Council shall determine whether the property benefitted shall bear all or a portion of the cost. The Recorder or other person designated by the Council shall prepare the proposed assessment to the respective lots within the assessment district and file it in the Recorder’s office. Notice of such proposed assessment shall be mailed to the owner of each lot proposed to be assessed at the owner’s address as shown on the County Tax Assessor’s rolls, which notice shall state the amount of assessment proposed on the owner’s property and shall fix a date by which time objections shall be filed with the City Recorder. Any such objection shall state the grounds thereof. The Council shall consider such objections and may adopt, correct, modify or revise the proposed assessments and shall determine the amount of assessment to be charged against each lot within the district, according to the special and peculiar benefits accruing thereto from the improvement, and shall, by ordinance, spread the assessments. The notice of proposed assessment shall provide for a rate of interest to be paid on assessments bonded under the Bancroft Bonding Act, being ORS 223.205 et seq., and ORS Ch. 223.
(Prior Code, § 2.01.070) (Ord. 117, passed 10-19-1981)