The procedure for special assessments shall be as provided herein.
The cost of the project being charged for shall be assessed according
to the front-foot rule of apportionment or some other equitable basis determined
by the Mayor and City Council.
The amount assessed against any property for any project or improvement
shall not exceed the value of the benefits accruing to the property therefrom,
nor shall any special assessment be levied which shall cause the total amount
of special assessments levied by the City and outstanding against any property
at any time, exclusive of delinquent installments, to exceed 25% of the assessed
value of the property after giving effect to the benefit accruing thereto
from the project or improvement for which assessed.
When desirable, the affected property may be divided into different
classes to be charged different rates, but, except for this, any rate shall
be uniform.
Special assessments may be made payable in annual or more frequent installments
over such period of time, not to exceed 30 years, and in such manner as the
Mayor and City Council may determine. The Mayor and City Council shall determine
on what date installments shall be due and payable; interest may be charged
in installments at the rate to be determined by the Mayor and City Council.
All special assessment installments shall be overdue six months after
the date on which they become due and payable. All special assessments shall
be liens on the property, and all overdue special assessments shall be collected
in the same manner as City taxes or by suit at law.
All special assessments shall be billed and collected by the Director
of Administration.