A. Authorization: The City Council may authorize and direct sidewalk, curb and gutter improvements in the City.
B. Definition: "Improvements" in the context of this section shall include the installation, repair and replacement of sidewalks, curbs and gutters.
C. Assessment: The Director of Public Works shall annually make an assessment of the need in the City for such improvements.
D. Costs: The cost of any such improvements shall be assessed against the adjacent property in equal annual installments over such period of years as the Council may direct, such period not to exceed twelve (12) years. Costs shall include interest at a rate equal to the City's then average return on investments. The first payment shall be made no later than November 30 of the year the improvement is begun regardless of the completion date if the project has been begun soon enough to enable the assessment to be computed and placed on the tax rolls for that year. It shall be a condition of receiving deferred payments under this subsection that any party requesting improvements to be made shall not be delinquent in payment of taxes and other special assessments. All necessary engineering costs may be included within the assessments. (Ord. 521, 9-6-2011)