§ 20-264. City funding of local public improvements in lieu of bonds.

As an alternative to the issuance of local public improvement bonds pursuant to section 20-94 to fund local public improvements, the city and county may establish a local public improvement revolving fund for the purpose of financing such local public improvements with funds of the city and county. Such local public improvement revolving fund shall be funded through appropriations made by the city council and by the assessments made for such local public improvements on the property especially benefited thereby. All assessments made for local public improvements financed with moneys from such local public improvement revolving fund shall be deposited in such local public improvement revolving fund and utilized for additional local public improvements.

(Ord. No. 757-05, § 2, 10-17-05)