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Section 7.11. Anticipation certificates. <br />At any time after January 1 the council may issue certificates of indebtedness in <br />anticipation of state and federal aids and the collection of taxes levied the previous year <br />for any fund and not yet collected. The total amount of certificates issued against any <br />fund for any year together with interest thereon until maturity shall not exceed the total of <br />state and federal aids and current taxes due to the fund and uncollected at the time of <br />issuance. Such certificates shall be issued on such terms and conditions as the council <br />may determine, but they shall become due not later than April 1 of the year following <br />their issuance. The proceeds of the tax levied and such state or federal aids as the <br />governing body may have allocated for the fund against which tax anticipation <br />certificates are issued and the full faith and credit of the city shall be irrevocably pledged <br />for the redemption of the certificates. <br />Section 7.12. Emergency debt certificates. <br />if in any year the receipts from taxes or other sources should from some <br />unforeseen cause become insufficient far the ordinary expenses of the city, or if any <br />calamity or other public emergency necessitates the making of extraordinary <br />expenditures, the council may by ordinance issue on such terms and in such manner as <br />the council determines emergency debt certificates to run not to exceed three years. A <br />tax sufficient to pay principal and interest on such certificates with the margin required <br />by law shall be levied as required by law. The ordinance authorizing an issue of such <br />emergency debt certificate shall state the nature of the emergency and be approved by at <br />least four members of the council. It may be passed as an emergency ordinance. <br />CHAPTER 8. <br />PUBLIC IMPROVEMENTS AND SPECIAL ASSESSMENTS <br />Section 8.01. Power to make improvements and levy assessments. <br />The city may make any type of public improvement not forbidden by law and <br />levy special assessments to pay all or any part of the cost of such improvements as are of <br />a local character. The total assessments for any local improvement may not exceed the <br />cost of the improvement, including all costs and expenses connected therewith, with <br />interest. No assessment shall exceed the benefits to the property. <br />Section 8.02. Assessments for services. <br />The council may provide by ordinance that the cost of city services to streets, <br />sidewalks, or other public or private property may be assessed against property benefited <br />and collected in the same manner as special assessments. <br />Proposed Charter for City of Roseville, MN 1 GI <br />Adopted 8/21/02 <br />