§ 3.132.570 — Annual installment assessments-Accumulation of funds-Temporary advances

3.132.570 Annual installment assessments-Accumulation of funds-Temporary advances.

If a resolution providing for annual installment payments has been adopted, in the resolution or subsequent thereto, the city council may provide for: A. The accumulation of the moneys collected from the annual installments in a specified annual installment assessment fund until there shall be sufficient moneys to pay all or part of the cost of the services described in the resolution; B. A temporary advance to the said fund from any available and unencumbered funds of the city to pay all or part of the cost of the services described in the resolution and direct that the advance be repaid from the annual installment assessments levied and collected during the fiscal years designated in the resolution. (Prior code § 83.10.1020)