In addition, or as an alternative to, the other provisions contained in Procedural Alternatives II or III, the Mayor and Common Council may provide in the resolution of intention for the levy each year of an ad valorem assessment on all taxable real property or all taxable land, as the case may be, within the district to provide moneys for all or any part of the costs and expenses of providing parking places prior to the issuance of bonds or without issuing bonds. The costs and expenses of providing parking places may include, but shall not be limited to, lease payments, the costs and expenses of operating, maintaining, repairing and improving the parking places, engineering fees, appraisal fees, legal fees, financial consultant fees, cost of land and rights-of-way acquisition, expenses of all proceedings for the formation of the district and all other costs and expenses for carrying out the purposes of this Chapter. The rate of ad valorem assessment shall be fixed by the Mayor and Common Council each year so as to produce sums required to pay the estimated costs and expenses mentioned above. The assessment shall be levied, collected and enforced in the same manner, at the same time, and with the same penalties and interest, as in the case of taxes levied for the City.
(Ord. 3603, 9-20-76; Ord. 3589, 7-06-76)