Any bonds issued in accordance with Procedural Alternatives I, II or III, the interest thereon, and premium, if any, shall be payable from assessments levied, as determined by the Mayor and Common Council, upon land only or upon all real property within the district. The resolution of intention shall state the basis upon which the assessment is to be levied.
(Ord. 3603, 9-20-76; Ord. 3589, 7-06-76)