§ 19.30.030. Costs of improvements and services.  


Latest version.
  • A.

    The costs of an improvement or service shall be its actual cost including acquisition of real property and interests therein, appraisal, design, engineering, and surveying for an improvement, and administration, overhead, collections, legal and other professional services, net interest (interest paid less interest earned) anticipated reserve or guarantee fund costs, the cost of notice, and all other costs resulting from the formation of the district and the construction of the improvement or providing the service, including costs described in sections 19.30.040 and 19.30.080.

    B.

    When bond funds other than funds from special assessment bonds or notes are used, interest on such funds shall be calculated from the first date when any actual costs are incurred by the municipality. When special assessment note or bond funds are used, the net interest that will be or is actually incurred allocable to such funds shall be a cost of the improvement.

(CAC 3.08.230; AO No. 88-45; AO No. 96-77(S-1), § 24, 6-11-96)