The cost of any improvements, including acquisition
costs and retirement of debt service for same, and any necessary equipment,
facilities and other related expenses therewith, shall be the equal
responsibility of the City of North Tonawanda and the owners of real
property included within the boundaries of said parking district.
The apportionment of the charge upon benefited properties shall be
accomplished by first attributing any and all revenue acquired by
the parking facility to the costs and expenses of the special parking
district. The City of North Tonawanda shall be responsible for 50%
of the remaining costs and expenses, and the remaining costs and expenses
shall be charged upon benefitted properties by dividing the remaining
costs and expenses by the total assessed property valuation of all
benefitted properties in such district, as determined by the City
Assessor.
When such construction and/or improvements,
and acquisition have been completed, and the total costs thereof computed
and determined, the City Assessor shall prepare a special assessment
roll showing the amount of the assessment chargeable to each parcel
of real property included in such district and shall submit same to
the Common Council for its approval.
The Common Council, if it approves such special
assessment roll, shall direct the City Attorney to prepare the necessary
warrants for the collection of same. When such roll shall have been
delivered to the City Treasurer, said City Treasurer shall proceed
to collect and enforce the same as provided in the Charter of the
City of North Tonawanda for the collection of special assessments.
At the time of the preparation of the city tax
rolls each year and the collection thereof, there shall be included
an item for special district purposes for the calendar year in which
the annual city tax is being levied, for each parcel of real property
included in the Special Parking District No. 1, which shall be computed
as above provided. Said assessment shall be levied and collected annually
thereafter in the same manner as the general city tax.
Provisions of the City Charter for the collection
and enforcement of general city taxes and special assessments and
for the collection of delinquencies therein shall apply also to the
collection and enforcement of the various assessments herein provided
for in this Special Parking District. The assessment for the acquisition
and construction of such facilities and the annual services charges,
including debt service charges, therefore shall be and become a lien
upon the parcels of real property included in such Special Parking
District, as any other general city charge or special assessment charge.