13.18.070 Establishing eid.
A. After the hearing held pursuant to Section 13.18.060, the Council may determine that the EID shall be formed, as proposed or as modified by the Council, if the Council determines that the economic improvements would afford special and peculiar benefit to property and/or businesses within the economic improvement district different in kind or degree from that afforded to the general public.
B. If the Council determines that an economic improvement district shall be formed the Council shall do so by ordinance. The Council shall then determine whether the property and/or businesses benefited shall bear all or a portion of the cost and, based on the actual or estimated cost of the improvement, a method of assessing the cost of the improvement. The Council may:
1. Use any just and reasonable method to determine the boundaries of an economic improvement district consistent with the benefits derived.
2. Use any just and reasonable method to apportion the sum to be assessed among the benefited properties and/or businesses.
3. Authorize payment by the City of all or part of the cost of an improvement when in the opinion of the Council the topographical and physical conditions, unusual or excessive public travel, or other character of the work warrants only partial payment or no payment of the cost by owners of benefited properties.
C. Nothing contained in this section shall preclude the Council from using other means of financing improvements, including federal and state grants-in-aid, revenue bonds, general obligation bonds, or other legal means of finance. If other means of finance are used, the Council may assess according to benefits derived to cover any remaining cost.