If financed assistance is received from the federal government, state, or county to defray a portion of the cost of an improvement, such aid shall be first used to defray the village general, water, or wastewater utility share of the project cost. If the aid received is more than the amount of the improvement cost to be paid by the village General Fund, water or wastewater utility, the remainder of the aid will be used to reduce the assessment against abutting property owners. Such reduction to be applied to each individual assessment portion to the ratio of that assessment to the total assessment for the project.
(1999 Code, § 33.05) (Ord. 119, passed 12-4-1978)