§ 29-8-108 — Costs and feasibility report

(1) The public utility report shall set
forth an estimate of the total underground conversion costs and shall also indicate
the costs of underground conversion of facilities of the public utility located within
the boundaries of the various parcels or lots then receiving service. The report shall
also contain the public utility's recommendations concerning the feasibility of the
project for the district proposed insofar as the physical characteristics of the
district are concerned. The report shall make recommendations by the public utility
concerning inclusion or exclusion of areas within the district or immediately
adjacent to the district.

(2) The governing body shall give careful consideration to the public utility's
recommendations concerning feasibility, recognizing its expertise in this area, and
it may amend the boundaries of the proposed improvement district provided that
the costs and feasibility report of the public utility contains a cost figure on the
district as amended, or it may request a new costs and feasibility report from the
public utility concerned on the basis of the amended district.

(3) The cost estimate contained in the report shall not be considered binding
on the public utility if construction is not commenced within six months of the
submission of the estimate, for reasons not within the control of the public utility.
Should such a delay result in a significant increase of the conversion cost, new
hearings shall be held on the creation of the district. If only a minor increase results,
only the hearing on the assessments need be held again.

Legislative History

Source: L. 71: p. 990, � 1. C.R.S. 1963: � 89-23-8.