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<br />Section 6. Creation of Atlantic Isle Benefit Area. The Commission hereby creates the <br />Atlantic Isle Benefit Area. The Benefit Area encompasses those Parcels specially benefited by the <br />sanitary sewer improvements ("Improvements") to be partially funded from the proceeds of <br />Assessments to be imposed therein. The Atlantic Isle Benefit Area includes all Parcels in Atlantic <br />Isle capable of being served by the Improvements. An assessment plat depicting the Parcels to be <br />assessed within the Atlantic Isle Benefit Area is available for public inspection at the office of the <br />City Clerk. <br /> <br />Section 7. Authorizin2 Imposition of Assessments. The Commission hereby authorizes the <br />imposition of Assessments against benefited Parcels located within the Atlantic Isle Benefit Area to <br />fund the Capital Cost of the Improvements serving property on Atlantic Isle. The Assessment has <br />been computed in a manner that fairly and reasonably apportions the Capital Cost of the <br />Improvements proportionate to the special benefit among the Parcels of property within the Benefit <br />Area, based upon objectively determinable Benefit Units related to the use, potential use, or <br />physical characteristics of the Parcels. The City may use revenue from the collection of <br />Assessments to directly fund the Improvements or to refund other "revenues of the City advanced to <br />fund the Improvements. <br /> <br />Section 8. Preliminary Assessment Roll. <br /> <br />(A) Prior to or after adoption of this Ordinance, the Assessment Coordinator shall prepare, or have <br />prepared, a Preliminary Assessment Roll that contains the following information: <br /> <br />(1) the Parcels of land to be assessed identified by the folio number shown in the <br />records of the Property Appraiser; <br /> <br />(2) the name of the owner of record of each Parcel, as available III the Property <br />Appraiser's public records; <br /> <br />(3) the number of Benefit Units attributable to each Parcel as the measure of benefit to <br />each such Parcel; <br /> <br />(4) the total Assessment levied on each Parcel; and <br /> <br />(5) the number of annual installments into which the Assessment is divided and will be <br />collected. <br /> <br />(B) Copies of the Preliminary Assessment Roll shall be on file in the office of the City Clerk and <br />open to public inspection. Copies of the plans and specifications, estimated cost, and an assessment <br />plat showing the area to be assessed shall also be available in the office of the City Clerk and open <br />to public inspection. The foregoing shall not be construed to require that the Assessment Roll be in <br />printed form if the amount of the total Assessment and annual installment for each Parcel can be <br />determined or produced by use of a computer terminal. <br /> <br />5 <br />