35-00 Proposed Second Amended Charter

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SECTION 13. LIMITATION ON ASSESSMENTS. Council shall limit all assessments to the special benefits conferred upon the property assessed, and in no case shall there be levied on any lot or parcel of land any assessments for any or all purposes within a period of five years, in excess of thirty-three and one-third percent (33-1/3 %) of the actual value thereof after the improvement is made. Assessments levied for the construction of main sewers shall not exceed the sum that, in the opinion of Council, would be required to construct an ordinary street sewer or drain of sufficient capacity to drain or sewer the lots or lands to be assessed for such improvement, nor shall any lots or lands be assessed that do not need local drainage, or which are provided therewith. SECTION 14. CITY'S PORTION OF COST. The City shall pay such part of the cost and' expens, e o.f improvements for which such special assessments are levied, as Council deems just, which part shall not be less than one-fiftieth of all such cost and expense; and in addition thereto the City shall pay the cost of intersections; and Council may provide for the payment of the City's portion of all such improvements by the issuance of bonds or notes therefor, and may levy taxes, in addition to all other taxes authorized by law, to pay such bonds or notes and the interest authorized by law. Council may provide for the ~ansferring to the General Fund of such portion of the proceeds of special assessments or of the proceeds of bonds issued in anticipation of the collection of special assessments, and .of the proceeds of bonds or notes issued or taxes levied to provide funds for the payment of the City's share of the cost of haaprovements, as is equal to the estimated cost of the engineering and inspection done or to be done directly by the City in connection with said improvement. 45