Title 07 Finance
Chapter 07.05 Local Improvements
Article II. Improvements at Substantial Risk
Section 07.05.026 City Council Review
- At the time of the hearing on the formation of the local improvement district, the council will review the report and recommendation of staff and may:
-
- waive all or part of the assessment security requirement,
-
- increase the requirement, or
-
- deny the improvement.
- In the event the council approves a majority petition or adopts a resolution for the formation of the local improvement district, and approves a security requirement, the council shall approve the execution of an agreement by the City with the principal proponent(s) providing for the assessment security requirement.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34024 Section 1
