Sacramento Municipal Code Art. X Assessments Payable in Installments

The city council may by resolution determine that the estimated cost of specified proposed services including costs of equipment, improvements, and/or personnel is greater than can be conveniently raised from a single annual assessment and order that such estimated cost shall be raised by an assessment levied and collected in installments over a period not to exceed five fiscal years. The resolution shall generally describe the proposed services, set forth the estimated cost thereof, specify the number of annual installments and the fiscal years during which they are to be collected, and fix or determine the total amount of each annual installment. Such annual assessments may be levied in addition to the regular initial annual assessment for services. (Prior code § 83.10.1000)

After adoption of a resolution providing for annual installment assessments, the city manager in preparing reports required by Articles V and VI of this chapter, shall include in the estimate and the assessment for each fiscal year specified in the resolution the total amount of the annual installment assessment fixed or determined for such year. (Prior code § 83.10.1010)

If a resolution providing for annual installment payments has been adopted, in the resolution or subsequent thereto, the city council may provide for:

A. The accumulation of the moneys collected from the annual installments in a specified annual installment assessment fund until there shall be sufficient moneys to pay all or part of the cost of the services described in the resolution;

B. A temporary advance to the said fund from any available and unencumbered funds of the city to pay all or part of the cost of the services described in the resolution and direct that the advance be repaid from the annual installment assessments levied and collected during the fiscal years designated in the resolution. (Prior code § 83.10.1020)