§ 19.30.040. Assessed improvement costs.

A.

Generally. Except as provided in subsection B of this section or elsewhere in this title, the project costs assessed against benefited parcels shall be the least of the following:

1.

Construction contract costs plus 20 percent for noncontract costs, including but not limited to engineering and design, surveys, soil investigations, right-of-way negotiations, inspection and contract supervision, and net interest, plus actual property acquisition costs;

2.

The last approved estimate plus ten percent; or

3.

The total cost of the improvement less the amount of any grant the municipality uses to defray the cost of the project.

B.

Costs financed with notes or bonds. In a special assessment district where costs of the improvements are financed with special assessment notes or bonds, 100 percent of the amount financed with special assessment notes or bonds may be assessed against the benefited parcels.

(GAAB 11.15.010.E; AO No. 77-342; AO No. 88-45; AO No. 91-21; AO No. 96-77(S-1), § 25, 6-11-96; AO No. 2002-186, § 1, 1-28-03)