Special Assessment Financing.
Omaha City Charter, art. V, § 5.25
in effectSection 5.25. - Special Assessment Financing.
There is hereby established a Special Assessment Fund to provide for the temporary financing of all work done by the city and ultimately to be paid for from special assessments against property. All present and future assets of the city derived from or appertaining to special taxes or assessments for paving, sewers, sidewalks, or other purposes and all interest in connection therewith received or to be received shall be transferred to this fund. The Council may augment this fund by general fund appropriation. Should the cash on hand in the fund at any time prove inadequate for current requirements, the Council may augment the cash balance by negotiating general obligation notes, which are limited as to amount and term by the provisions of sections 5.27 and 5.29. Notwithstanding any other provision of this charter, the city shall have the power in accordance with State law, to issue and sell Special Assessment Bonds without a vote of the people, the principal and interest of which shall be paid from the Special Assessment Fund.
(Adopted by primary city election 5-11-82)
Source: City of Omaha, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ne/omaha/codes/code_of_ordinances?nodeId=PTICH_ARTVFI_S5.25SPASFIFetched: 10/28/2026