The following measure appeared on the Tuesday, May 20, 1986 Primary Election Ballot.
CAPTION: Revising Procedures for Assessing, Collecting, and Financing Local Improvement Costs
QUESTION: Shall the current Charter procedures for assessing, collecting, and financing local improvement costs be clarified and revised?
PURPOSE AND EXPLANATION OF CHARTER AMENDMENT : Permits Council to determine interest rates, charges, penalties, bond maturity dates and installment payment dates relating to local improvements. Removes interest ceiling on improvement bonds. Revises accounting practices and other internal procedures for assessing, collecting, and financing of local improvement costs. Clarifies items included in local improvement costs. Eases restrictions on applying for installment payment program. Standardizes delinquency date for unpaid assessments and installment payments. Changes administrative procedure for selling property to collect unpaid assessments.