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(A) The city may finance the cost of an improvement in whole or in part by special assessments made as provided in this subchapter.
(B) Cost of an improvement shall be apportioned equitably on a fair basis.
(C) The city may provide for lump sum or installment payment of assessments or for bond or other long-term financing, and for any improvement may afford property owners the option as to method of payment or financing.
(KRS 91A.220) (Prior Code, § 3.08.020)