A. Cost of any work or improvement to be paid in whole or in part by special assessment on property may include the direct and indirect cost, interest on bonds, a reasonable charge for services of administrative staff of the City and the cost of engineering and legal services and any other terms of direct or indirect costs which may be reasonably attributed to the proposed work or improvement. The amount to be assessed against all property for any such proposed work or improvement shall be apportioned among the individual parcels in the manner designated by the City Council.
B. The amount assessed against any property for any work or improvement which does not represent an exercise of the police power shall not exceed the value of the benefits accruing to the property and for those representing an exercise of police power, the assessment shall be upon a reasonable basis as determined by City Council.