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Where annual assessments are levied and liens imposed to pay the annual principal and interest of bonds issued pursuant to Subdivisions 5, 6 and 7 of Subarticle VI, or pursuant to a similar plan, which bonds do not represent fixed amounts which are a lien on the lots or parcels assessed, an increase of the costs and of the supplemental bonds to be issued shall be ordered in the manner provided herein for modification.
(Added by Ord. 225-81, App. 5/5/81)
SUBDIVISION 5
REAPPORTIONMENT OF BENEFITS
REAPPORTIONMENT OF BENEFITS
When the assessments are other than fixed lien assessments, in the judgment of the Board the varying benefits which are being derived by the several parcels of taxable property no longer reflect the benefits received from the improvements, whether within an assessment district theretofore established by it, or in a zone thereof, or as to the extent of the areas of either, either by reason of changed conditions or a reconsideration of original benefits, the apportionment of which has been established by it, it may take proceedings to re-establish the apportionment of said benefits among said several parcels.
(Added by Ord. 225-81, App. 5/5/81)
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