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The purpose of this Subdivision is to provide a procedure by which assessment bonds may be issued to pay the whole or any part of the costs of any public improvements or facilities which are primarily local in nature or benefit, payable from annual assessment levies apportioned among the several lots and parcels of land or real property within the district established therefor, the nature and formula or formulae for which is to be determined in the proceeding in which jurisdiction is provided therefor.
(Added by Ord. 225-81, App. 5/5/81)