§ 31-34. Tax levy.

After any such improvement has been completed and the total cost thereof ascertained, the board shall proceed by resolution to levy special assessments against the specially benefitted property in proportion to the benefits to be derived from the improvement. The total amount specially assessed against the specially benefitted property shall not exceed the percentage of the total cost designated to be assessed in the resolution provided for in section 31-33 hereof. Said special assessments shall be due and payable and interest shall accrue thereon from such date as the board shall provide; except that no special assessment shall be due and payable, nor shall interest accrue thereon, prior to three (3) months after the completion of said improvement. Said special assessments shall bear interest at the legal rate per annum.

(Ord. No. 73-7, § 4, 9-4-73; Ord. No. 82-59, § 1, 10-21-82)