The Village Council shall have the power to determine the necessity
of any local or public improvement, to establish special assessment
districts, and to determine by resolution that the whole or any part
of the cost and expense of any public improvement be defrayed by special
assessment upon the property especially benefited in proportion to
the benefits derived or to be derived.
The Village Council shall prescribe by ordinance the complete
special assessment procedure governing the initiation of projects,
preparation of plans and cost estimates, creation of districts, making
and confirming of assessment rolls, correction of errors in the rolls,
collection of assessments and any other matters concerning the making
of improvements by the special assessment method.
From the date of confirmation of a roll levying a special assessment,
the full amount of the assessment and the interest thereon shall constitute
a lien on the premises subject thereto and that amount shall be a
debt of the person to whom assessed until paid and, in case of delinquency,
may be collected as delinquent Village property taxes or by a suit
against the person.
The Village Council may borrow money and issue bonds of the
Village therefor in anticipation of the payment of special assessment
districts, which bonds may be an obligation of the special assessment
district or may be both an obligation of the special assessment district
and a general obligation of the Village. The Village Council may issue
general obligation bonds to defray that chargeable to the Village
at large.