(a) Determination by board; effect. The Board of Commissioners may provide by resolution that assessments levied against abutting lots or parcels of land for water main improvements or sanitary sewer improvements, when in its opinion such improvements may not presently be used by the owner or owners of the abutting lots or parcels of land, may be held in abeyance without the payment of any interest thereon until such time as the Board shall determine that any such assessments shall be paid in accordance with the terms set out in the confirming resolution. A part of the assessments levied for the improvements herein set out on a street or streets or portion thereof may be held in abeyance as herein provided without holding all of said assessments in abeyance.
(b) Statutes of limitations suspended. All statutes of limitations are hereby suspended during the time that any assessment is held in abeyance without the payment of interest as provided in subsection (a). Such time shall not be a part of the time limited for the commencement of action for the enforcement of the payment of any such assessment, and such action may be brought at any time within 10 years from the date of the adoption of a resolution by the Board determining that such assessment shall be paid in accordance with the terms set out in the confirming resolutions.
(c) Retroactive construction prohibited. Nothing herein shall be construed to revive any right of action which has heretofore been barred by the Statute of Limitations.
(Session Laws of 1973, Chapter 386) (Ord. 2004-45, passed 4-4-2004)