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The City Manager or his designee may adopt a program whereby owners of property subject to assessment through the provisions of A.R.S. tit. 9, ch. 6, art. 2 (A.R.S. § 9-571 et seq.), the Improvement District Act, may periodically deposit funds with the City of Phoenix, which funds, provided they are of an adequate amount, shall be applied by the City, on behalf of such owner, toward the retirement of that owner’s aforesaid assessment. (Ord. No. G-804, § 1)