Section 98.

On or before the first day of January in each year, or as often thereafter as may be deemed advisable, the Commissioner of Engineering shall prepare and present to Council a budget setting forth all proposed improvements for the ensuing calendar year, which are to be paid for in whole or in part by special assessments.

   Said budget shall contain the following information:

      (1)   Location and general description of proposed improvements.

      (2)   Estimated cost of the same.

      (3)   Method of financing.

      (4)   Method of assessments, mode of payment, number of annual payments, and estimated rate of assessment, and any additional information regarding such proposed improvements as Council may require.

      (5)   A statement showing what proposed improvements are most necessary.