(2) Assessments shall be apportioned by the district board among benefited lands in accordance with the special and peculiar benefit to be received from the district works by each lot or parcel of land. For parcels of land, or any portion of the parcels, in the district that are undeveloped, the district board may, in its discretion, defer assessing or imposing all or any portion of the assessments on such parcels until the parcels are connected with, or receiving services from, the district works.
(3) The district board shall afford an opportunity for hearing any objections or remonstrances to assessments under this section. If the district board receives objections or remonstrances that are signed by more than 50 percent of the landowners representing more than 50 percent of the territory within the proposed assessment district, the proposed assessment may not be imposed.
(4) If any portion of the cost of district works is assessed against benefited lands under this section, the district board may issue works bonds in the total amount of the valid applications the district board has received to pay assessments in installments as provided by ORS 223.205 and 223.210 to 223.295. [2019 c.621 §17]