§ 61.2321 — Resolution of Intention

§61.2321 Resolution of Intention

Whenever the public interest or convenience requires, the Council may declare that the City shall finance the construction, installation, acquisition, repair or replacement of any improvement by the adoption of a resolution declaring the City’s intention to finance such improvement under the provisions of this ordinance. The resolution of intention shall include the following information: (a) A brief description of the proposed improvements. (b) A brief description of the exterior boundaries of the proposed assessment district. (c) Provisions for the issuance of bonds to represent any unpaid assessments. (d) Provisions for the disposal of any surplus remaining in the improvement fund after the completion of the improvement.

(“Resolution of Intention” added 2–22–1982 by O–15668 N.S.) (Editors note: Chapter 6, Article 1, Division 23 added 8–24–1988.)