§ 17-52. Initial assessment resolution.

The initial proceeding for creation of an improvement area and imposition of an assessment shall be the board's adoption of an initial assessment resolution. The initial assessment resolution shall:

(1)

Describe the property to be located within the proposed improvement area;

(2)

Describe the local improvement and related service proposed for funding from proceeds of the assessments;

(3)

Estimate the capital costs, project cost or operating cost;

(4)

Describe with particularity the proposed method of apportioning the capital cost, project cost or operating cost among the parcels of property located within the proposed improvement area, such that the owner of any parcel of property can objectively determine the number of assessment units and the amount of the assessment;

(5)

Describe the provisions, if any, for acceleration and prepayment of the assessment;

(6)

Describe the provisions, if any, for reallocating the assessment upon future subdivision; and

(7)

Include specific legislative findings that recognize the fairness provided by the apportionment methodology.

(Ord. No. 09-10, § 3.02, 4-7-2009)