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i , <br /> CMP Part 4F. Public Services Plan <br /> been 100% assessed against the abutting or benefited properties, more <br /> recent projects have been assessed only to the dollar extent that is <br /> supportable via property benefits analysis. As much as possible under <br /> current law, the City will continue this existing policy. <br /> 3. The City w�ill not bond nor assess for improvements installed to <br /> facilitate land development or subdivision. All on site and off site <br /> improvements necessary to accommodate private land developments <br /> must be privately financed by the developer. The City will not finance at <br /> public expense such improvements, even if they are to be dedicated for <br /> public use, because of the hazard of assessing property that may not <br /> develop and may therefore default to the detriment of the existing <br /> resident taxpayer. <br /> 4. The city will investigate innovative bonding mechanisms or purposes. <br /> This may include authorization of Industrial Revenue Bonds, <br /> Redevelopment Bonds, Tax Increment Financin�, or Housing <br /> Improvement Bonds as future uses and financial conditions warrant. <br /> City of Orono Community Management Plan 2008-2030 Page 4F-48 <br />