(A) Upon completion of the improvement and the payment of the cost thereof, the Director of Finance shall certify to the Manager the total cost of said improvement. The Manager shall forward this report to the Council, together with the amount of the original roll for said improvement.
(B) Should the assessments in any special assessment roll, including the amount assessed to the city-at-large, prove insufficient for any reason to pay the cost of the improvement for which they were made, then the Council shall make additional assessments against the city and the several lots and parcels of land, in the same ratio as the original assessments, to supply the deficiency, but the total amount assessed against any lot or parcel of land shall not exceed the value of the benefits received from the improvement. Should the assessments levied prove to be more than 5% larger than necessary to defray the cost of the improvement, then the Council shall, by resolution, order the excess over 5% to be applied to the unpaid installments of said special assessments against each lot or parcel of land, in the inverse order in which they are payable. Any amount of such excess as to any lot or parcel of land which cannot be applied as aforesaid shall be refunded to the owner as indicated by the records of the City Assessor at 8:00 a.m. on May 1 immediately following the determination of the amount of excess to be refunded, unless some other person shall, before payment of said refund, establish to the satisfaction of the Finance Director that he or she is legally obligated to pay the taxes on said lot or parcel of land, in which case such other person shall receive the refund.
(Prior Code, § 33.30) (Ord. D-156, passed 7-26-1948, effective 8-8-1948; Ord. D-725, passed 4-25-1966, effective 5-5-1966)