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a) Assessment Worksheet is Prepared (Refer to the Appendix for <br />Assessment Worksheet Example) <br />b) City Council Declares Cost and Orders Assessment Roll <br />c) City Council Receives Assessment Roll and Schedules Assessment <br />Public Hearing Referred to as "Assessment Hearing". <br />d) City Council Holds Assessment Hearing and Adopts the Assessment <br />Roll. The Assessment Hearing Process is Described Below. <br />OPTIONS AVAILABLE FOR PAYING SPECIAL ASSESSMENTS <br />Payment in full — First thirty (30) days after adoption of assessment — no <br />interest. <br />II. Payment in full — thirty (30) days after adoption and prior to November 15 — <br />interest charged to date of payment only. <br />III. Payment of special assessments with tax statement <br />A. Allow each year's installment to go on tax statement <br />B. Paying of remaining deferred principal in full prior to November 15, of <br />any year with no further interest being charged. <br />IV. Development Projects — The City may hold the assessment at the City and the <br />Developer pay the City Treasurer per a development contract. Refer to the <br />Example Development Contract in the Appendix. <br />-20- <br />