The county may, by resolution of the board, issue obligations to refund any obligations
issued pursuant to this article, or any other obligations of the county theretofore
issued to finance the project cost of a local improvement, and provide for the rights
of the holders hereof. Such refunding obligations may be issued in an amount sufficient
to provide for the payment of the principal of, redemption premium, if any, and interest
on the outstanding obligations to be refunded. If the issuance of such refunding obligations
results in an annual assessment that exceeds the estimated maximum annual assessments
set forth in the notice provided pursuant to section 10.8-18 hereof, the board shall provide notice to the affected property owners and conduct
a public hearing in the manner required by division 2 of this article.
(Ord. No. 2001-30, § 4.09, 6-20-01)
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