§ 93.035. CONSTRUCTION BY AGREEMENT.

(A) The City Council may, when requested by any property owner, construct, change, or repair any street or appurtenance abutting their property upon the terms and conditions as agreed upon by the property owner and the City Council without setting up a special assessment district. The expense to be paid by the property owner, if not paid on demand or as agreed, shall be levied as a special assessment upon the land adjacent or abutting thereon, together with a collection charge of 10% of the share, shall be a lien upon the property and shall be collected according to law and in the same manner as other city taxes, including interest.

(B) The property owner may elect to pay his or her assessment at the rate of 20% per year over a period of five years. The installation payments, however, shall be subject to an interest charge on the unpaid balance at a rate set by the City Council but not to exceed 9% per annum.

(C) In addition to the provisions set forth in divisions (A) and (B) of this section, the property owner may request the City Council to provide for a portion of the cost of the amount of replacement costs for the construction, change, or repair to be paid by the city-at-large. The terms and provisions of divisions (A) and (B) of this section remain fully intact and if the remaining co-payment amount of the owner remains unpaid, after demand is made as agreed, the terms and provisions set forth in divisions (A) and (B) of this section shall take effect.

(Ord. 08-2015, passed 10-19-2015)