Chapter 17.16 Improvement Districts

Sections:

17.16.010 Purpose.
17.16.020 Assessment fund--Authorized uses.
17.16.030 Extension procedures.
17.16.040 Minimum balance.
17.16.050 Credit for expenditures by property owner.

17.16.010 Purpose. It is the intent of Council that this chapter shall be applicable only to "in lieu of assessment" hookups. (Prior code Section 13A-500.5

17.16.020 Assessment fund--Authorized uses. The City Council is authorized to expend moneys from the Assessment Fund for the purpose of extending the municipal water system. (Prior code 13A-500.1)

17.16.030 Extension procedure. The City, upon Council approval, shall pay the entire cost of material for extending water service to an individual property owner or owners, installing a minimum of six inch water main and the necessary hydrants and tees, etc. The owner shall be responsible for the payment of all labor and installation costs for such extension. (Prior code 13A-500.2)

17.16.040 Minimum balance. In no event shall the Assessment Fund be depleted, for the purpose of this chapter, below the level required to service the existing bonded indebtedness of the water system for a period of two years. (Prior code 13A-500.3)

17.16.050 Credit for expenditures by property owner. a. The property owner shall receive a credit for installation expenses against future costs of the water improvement district. If such expenditures exceed the per lot charges resulting from formation of the water improvement district, the property owner shall not be obligated for payment of assessments within the district. If such expenditures are less than the per lot charges as above, the property owner shall be obligated to pay the difference between the per lot charge and the amount of his expenditures. The property owner shall submit certified invoices or other evidences of payment to support his claim for expenditures. There shall however, be no refund to any property owner whose expenditures exceed the per lot cost of the improvement district as set forth therein.
b. The City Manager may promulgate regulations subject to the approval of the Common Council, to assist in implementing this chapter. (Prior code 13A-500.4)