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ARTICLE XI <br />IMPROVEMENTS, DISTRICTS, AUTHORITIES AND ASSESSMENTS <br />11 -1: Authorization. <br />(A) The Town shall have the power to create local improvement districts, general <br />improvement districts, special taxing districts, urban renewal authorities, housing <br />authorities and other special districts and authorities as authorized by Colorado statutes <br />for municipalities within or without or partly within or without the Town. <br />(B) The Town shall also have the power to create districts and authorities similar to <br />those referred to in paragraph (A) above pursuant to provisions prescribed by ordinance <br />subject to the provisions of the Charter. <br />(C) The costs of constructing, installing or acquiring public, local or municipal <br />improvements of every kind and character may be assessed in whole or in part upon <br />the property benefited by such improvements by the Town. <br />(D) Money may be borrowed to finance the construction, installation or acquisition of <br />such improvements by borrowing money as provided for in Article X of this Charter <br />including securities secured by a pledge of assessments against the benefited property in <br />the District. Such obligations shall not require a vote of the electorate unless they create <br />a general obligation debt. <br />(E) The Town may also pay for such improvements out of monies available therefore <br />from any appropriate fund or source and provide for repayment to the appropriate fund <br />from collection of the assessments. <br />(F) The Town may also redeem or prepay improvement district securities at any time <br />funds are available to do so and assign the assessments as collected to an appropriate <br />fund of the Town. <br />11 -2: Public Hearing. Prior to the creation of any district with separate taxing powers or <br />which is intended to assess the costs of improvements against the property within the <br />district, a hearing shall be held with reasonable notice to the owners of record subject to <br />the proposed assessments or within the district. <br />11 -3: Review of Improvement District Proceedings No action or proceeding at law or in <br />equity to review or question the validity of any acts or proceedings, to enjoin the issuance <br />or payment of any securities or levy or collection of.assessments authorized by this <br />Article or for any relief against any acts or proceedings of the Town done under this <br />Article shall be maintained against the Town unless commenced within 30 days after the <br />performance of such act or the effective date of the ordinance or resolution complained <br />of, or else be thereafter forever barred. <br />The Charter of the Town of Ridgway 25 <br />