§ 31-25-519 — Statement of expenses - apportionment

Upon completion of
any local improvement or upon completion from time to time of any part thereof
and upon acceptance thereof by the governing body or when the total cost of any
improvement or of any such part thereof can be reasonably ascertained, either prior
to, during, or subsequent to the construction of the improvements, the governing
body shall cause to be prepared a statement showing the whole cost of the
improvement, including costs of inspection and collection, capitalized interest on
any bonds for such period as the governing body may deem necessary, capitalized
bond reserves, and all other incidental costs, the portion thereof, if any, to be paid
by the municipality, and the portion thereof to be assessed upon each lot or tract of
land to be assessed for the same, which statement shall be filed in the office of the
clerk. If the governing body determines that the basis of assessment is inequitable
in any case, a just and equitable assessment shall be made upon the basis of
benefits accruing to the property assessed by reason of the improvements made.

Legislative History

Source: L. 75: Entire title R&RE, p. 1195, � 1, effective July 1. L. 86: Entire section amended, p. 1048, � 7, effective July 1.