§ 2.24.080. Provision for delaying special assessment for residential property assessed in connection with arterial street improvements.

The governing body may, in addition to deferring payment of special assessments pursuant to Sections 2.24.070 and 2.24.075, authorize and provide for delay of payment of special assessments from the cost of improvements spread in improvement districts against residential property in connection with arterial street improvements. Such delay of special assessments shall be established and provided for in city council policy. Such city council policy may provide for partial abatement of such delayed assessment from the date an assessment is first spread through the fifteenth year from the date the assessment is spread. The policy may provide for total abatement after year fifteen.

(Ord. No. 39-845 § 2; Ord. No. 38-660 (part))