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■? <br />agreement with the developer providing a maximum assessment <br />period o£ 5 years, with all assessments against individual lots <br />to be paid off prior to sale of such lot and/or prior to issuance of <br />a certificate of occupancy for such lot. <br />Assessments levied for any hazardous building proceeding, <br />noxious weed cutting, diseased tree removal or any other work <br />performed by the City on private property shall be normally <br />collected in one installment. <br />13. Publicly-Owned Property. Publicly owned property including <br />property owned by the City located within an improvement project area <br />will be included in calculation of every assessment formul as if the <br />property were privately owned: <br />a)For City-owned property, that portion of the project cost which <br />would have been assessed against such property shall be paid from <br />general revenues to the project account in a lump sum or on an <br />annual basis over the duration of the assessment period. <br />b) For property owned by any other governmental agency, that portion <br />of the project cost which would h-2ve been assessed against such <br />property shall be billed directly to said agency. <br />For property held by the State as tax-forfeited property, the <br />assessment shall be adopted and levied as part of the assessment <br />roll in the normal fashion, and the principal and interest shall <br />be collected on sale of the land or at the time a building permit is <br />issued as setforth in policy #10 above. <br />14. Abatement of Assessments. Once levied, the City is under no <br />obligation to abate, reduce or refund any special assessment or any <br />portion thereof, even if subseguent changes are made in zoning <br />regulations or if eventual developed use is less than the unit density <br />originally assessed. However, the City Council will look favoracly <br />on abating the unpaid portion of any excess "unit" assessment upon <br />application of the owner as follows: <br />a) Only "unit" assessments will be abated, not area or frontage <br />assessments. <br />Only the remaining unpaid portion will be abated. There will be <br />no refund of amounts already due or paid. <br />In the cast lots owned in common, the Council may abate unit <br />assessments in excess of one whole unit provided the owner <br />legally combines for tax and zoning purposes all commonly—owned <br />lots into one buildable parcel. <br />II. DETERHINATION OF FORMULA UNITS <br />15. Residential Equivalent Connection Units (REC). A "unit" for <br />purposes of calculating assessemnt formulas shall mean the equiva en <br />__ _ _ _ _C <br />/, <br />i