§ 7-102. Cost.

(1)

Costs to be Paid by Developers of Subdivisions. The Department of Public Works with the approval of the Council may require that streets in such subdivisions be paved or repaved, and the Council may require that the subdivider pay such portion of the total cost of such paving as it may deem reasonable. To assure said payment, the subdivider shall furnish a bond or cash in an amount fixed by the Council. No such bond shall be accepted until it has been approved as to form by the City Attorney and as to sufficiency by the Director of Finance.

(2)

Costs To Be Paid By Owners of Abutting Property. The Council may levy assessments for paving against abutting property in the manner and subject to the limitations contained in Sections 42 through 50, both inclusive, of Louisiana Act 159 of 1912, as amended by Louisiana Act 338 of 1936, for the protection, enforcement and collection of special assessments for the financing of paving and other street improvements.