Establishes the time and place of the Assessment Hearing. Property owners included in the SAD receive notice of the meeting. The meeting notice would include information regarding the financing (length of payment period and interest rate). At Assessment Hearing, those included in the proposed SAD are able to express support, concerns, or ask questions related to the assessment costs. If the Assessment Hearing is scheduled in conjunction with a regularly scheduled Governing Body meeting, the adoption of the assessment and bond ordinances would be considered by the Governing Body. The Assessment Ordinance would describe payment of a claim of lien; and provides for a penalty for delinquent payments. The Bond Ordinance would describe the structure of the bond sales.If approved by vote of the Governing Body, the SAD would be confirmed and the assessments that property owners would pay would be established. The notice of assessment for each property and payment would be mailed by the City to property owners. This mailing would include a description of the cash-pay period (payments without interest prior to the start of construction).