SEC. 250.067. PAYMENT.

   Notwithstanding any provision of general law which requires the City to pay any assessment levied on property described in Section 250.065 of this Procedure Code, the Board shall have the power to levy an assessment thereon and such agency to pay the same,

   (a)   Pursuant to any general law authorizing the same, or

   (b)   Pursuant to any contract therefor between the City and such agency; and the legality thereof shall not be affected by the providing or the failure to provide therefor in the resolution of intention.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.068. UTILITY PROPERTY.

   Property owned or used by any privately owned public utility shall be assessed in the same manner as other property in the district.

(Added by Ord. 225-81, App. 5/5/81)

SUBDIVISION 7 CONTRIBUTIONS AND ADVANCES

SEC. 250.070. CONTRIBUTIONS.

   Contributions or partial payments from the United States or the State or any agency of either, or from any other public entity, may be accepted and the same or any available City monies, deemed by the Board to be in the furtherance of the public interest, may be applied to any part of the costs of a project at any time during or after the proceedings and, where appropriate, applied in reduction of the amount assessed or to be assessed therefor.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.071. PURCHASE OF ASSESSMENT, WARRANT AND BONDS.

   In any proceedings had hereunder, the City may, at any time prior to the delivery or sale thereof, determine to purchase the assessment, warrant or bonds to be issued therein, subject to any limitations contained in the Charter.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.072. ID.-PAYMENT.

   In such event, the City shall, upon the issuance of the assessment, warrant or bonds, direct the payment of the principal amount to the persons entitled thereto.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.073. ID.-BONDS.

   Such bonds, when issued, shall be made payable to bearer, provided, however, that the Board may provide for their issuance in, or conversion to, registered form.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.074. ID.-CITY.

   In the case of such investment, the City shall succeed to all rights under such assessment, warrant and bonds.

(Added by Ord. 225-81, App. 5/5/81)

SEC. 250.075. ID.-SUBSEQUENT PURCHASE.

   The City shall have like power to subsequently acquire and own any bonds or assessments or contract issued or levied or made hereunder, or now issued and outstanding, for any improvement and/or acquisition of the City.

(Added by Ord. 225-81, App. 5/5/81)