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The council shall have full power and authority to abandon and rescind proceedings for improvements made under sections 7.465 to 7.565 at any time prior to the final completion of the improvements. If liens have been assessed on real property under the procedure, they shall be cancelled, and payments made on the assessments shall be refunded to the owner(s) of the property at the time the council abandons or rescinds the proceedings.

(Section 7.550 amended by Ordinance No. 19393, enacted July 28, 1986, effective January 28, 1987.)