Section 25-603. Nassau Street Mall Special Assessment District  


Latest version.
  • a. The city
      council having determined, pursuant to subdivision b of  section  25-410
      of  chapter  four  of  this  title, that it is in the public interest to
      authorize an increase in the amount  to  be  expended  annually  in  the
      Nassau  street  mall special assessment district, and the council having
      determined further that the tax and debt limits  prescribed  in  section
      25-412  of  chapter  four  of  this  title  will not be exceeded by such
      increased expenditure, there is hereby authorized in  subdistrict  A  of
      such  district  an  annual expenditure of one hundred forty-two thousand
      five hundred dollars ($142,500) and in subdistrict B of such district an
      annual expenditure of fifty-six thousand dollars ($56,000).
        b. The amount of such expenditure to be levied upon each  property  in
      subdistrict  A and subdistrict B of such district shall be determined in
      accordance with the method of assessment set forth in the Nassau  street
      mall  special  assessment  act,  as  amended, provided that any property
      referred to in paragraph b of subdivision 2 of section 5 of such act for
      which an adjusted levy was made in fiscal year 1991, may have  its  levy
      adjusted  in subsequent fiscal years using the same method of assessment
      for such adjustment as was used in fiscal year 1991. If such adjustments
      are made the levy for the remaining properties in the  subdistricts  may
      be adjusted accordingly.