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The citizens of a defined geographical area of the city of

PART II: ESSAY ASSIGNMENT

ESSAYS (CHAPTER 6)-Provide a brief, butc/questions below.

1. The citizens of a defined geographical area of the City of Sale authorized a special assessment to be levied on their property to finance the reconstruction of the sewer system infrastructure that serves the area. The City will solicit bids, oversee reconstruction, issue the debt in the name of the City, and service the debt. The City does not guarantee the debt but the City will collect the special assessments and make principal and interest payments to the bondholders. Discuss the a

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