915.04 ASSESSMENT BOND.
   Should Council determine that the development of certain lands will provide Municipal benefits that could not otherwise be realized, and due to the owner's financial condition or other obstacles, strict enforcement of the terms of this title would deprive the Municipality of such benefits, then Council may consider the acceptance of a street dedication prior to the completion of all street improvement work called for by the ordinance, on the basis of the "assessment bond" procedures such as has been followed in the past, provided, however, that this method shall only be used if the bonded indebtedness of the Municipality shall permit. (Ord. 769. Passed 5-22-56.)