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 debt-funded capital 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 20-76 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. 10-10, Art. IV, § 4.09, 5-3-10)
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