§ 27-143. Use of other financing mechanisms.

(a)

The city may finance water capital improvements or facilities expansions designated in the capital improvements plan through the issuance of bonds, through the formation of public improvement districts or other assessment districts or through any other authorized mechanism, in such manner and subject to such limitations as may be provided by law, in addition to the use of capital recovery fees.

(b)

Except as herein otherwise provided, the assessment and collection of a capital recovery fee shall be additional and supplemental to, and not in substitution of, any other tax, fee, charge or assessment which is lawfully imposed on and due against the property.

(Ord. No. 90-10, § 1(1.23), 8-28-1990; Ord. No. 2018-13, § 2(Exh. 3), 4-17-2018)