A. Inclusion of real property in the District will result in the imposition of special assessments on such real property in amounts necessary to pay the costs of permanently installing the approved renewable energy improvements and ancillary costs, including permit and inspection fees, and other ancillary costs required for an eligible improvement, the costs of financing, interest, and administrative fees charged by the District, the City, or their agents. The costs of such improvements will be amortized over a period of time as determined by the District, not to exceed a maximum term of twenty (20) years.
B. Each owner shall acknowledge and consent to the assessment amount and amortization schedule as a condition of inclusion of the real property in the District.
C. Following acknowledgment and consent by the owner of the real property to be included in the District and satisfaction of the other requirements of the Act, this Chapter, and any policies or procedures promulgated by the District, the District Board shall adopt a resolution that includes the real property in the District and imposes the special assessment (the "Assessment Resolution"). An Assessment Resolution may include one or multiple parcels with separate ownership interests. That an Assessment Resolution may be enacted subsequent to the filing of a Special Assessment lien shall not invalidate such lien. (Ord. 2018-2, 9-4-2018)