Source: https://www.newcastleky.com/111.html
Timestamp: 2019-04-21 16:59:33+00:00

Document:
"ASSESSED VALUE BASIS." The apportionment of cost of an improvement according to the ratio the assessed value of individual parcels of property bears to the total assessed value of all such properties.
"BENEFITS RECEIVED BASIS." The apportionment of cost of an improvement according to equitable determination by the Commission of the special benefit received by property from the improvement, including assessed value basis, front foot basis, and square foot basis, or any combination thereof, and may include consideration of assessed value of land only, graduation for different classes of property based on nature and extent of special benefits received, and other factors affecting benefits received.
"COST." All costs related to an improvement, including planning, design, property or easement acquisition and construction costs, fiscal and legal fees, financing costs, and publication expenses.
"FAIR BASIS." Assessed value basis, front foot basis, square foot basis, or benefits received basis.
"FRONT FOOT BASIS." The apportionment of cost of an improvement according to the ratio the front footage on the improvement of individual parcels of property bears to such front footage of all such properties.
"IMPROVEMENT." Construction of any facility for public use or services or any addition thereto, which is of special benefit to specific properties in the area served by such facility.
"PROPERTY." Any real property benefited by an improvement.
"SPECIAL ASSESEMENT" or "ASSESSMENT." A special charge fixed on property to finance an improvement in whole or in part.
§ 111.02 FINANCING OF IMPROVEMENTS.
(A) The city may not finance any improvement, in whole or in part, through special assessments except as provided in this chapter and in any applicable statutes.
(B) Cost of an improvement shall be apportioned equitably on a fair basis.
(B) The city may provide for lump sum or installment payment of assessments or for bond or other long-term financing, and for any improvement may afford property owners the option as to method of payment or financing.
§ 111.03 APPORTIONMENT OF COST.
The cost of any improvement shall be apportioned on a benefits received basis with respect to any property owned by the state, a local unit of government, or any educational, religious, or charitable organization. The Commission may assess such property in the same manner as for privately owned property or it may pay the costs so apportioned out of general revenues.
§ 111.04 COMPREHENSIVE REPORT REQUIRED.
§ 111.05 PUBLIC HEARING REQUIRED.
§ 111.06 ADOPTION OF ORDINANCE; NOTICE TO AFFECTED OWNERS.
§ 111.07 AFFECTED OWNER MAY CONTEST.
(A) Within 30 days of the mailing of the notice provided for in § 111.06, any affected property owner may file an action in the circuit court of the county, contesting the undertaking of the project by special assessment, the inclusion of his property in the improvement, or the amount of his assessment. If the action contests the undertaking of the improvement by the special assessment method of the inclusion of the property of that property owner, no further owner action on the improvement insofar as it relates to any property owner who is a plaintiff shall be taken until the final judgment has been entered.
§ 111.08 WHEN CITY MAY PROCEED; ASSESSMENT CONSTITUTES LIEN.
(A) After the passage of time for the action provided for in § 111.07, or after favorable final judgment in any such action, whichever comes later, the city may proceed with the improvement or part thereof stayed by the action, including notice requiring payment of special assessment or installment thereon and bonds or other method proposed to finance the improvement. The first installment may be apportioned so that the other payments will coincide with payment of ad valorem taxes.
§ 111.09 EFFECT OF ADDITIONAL PROPERTY OR CHANGE IN FINANCING.
The city may undertake any further proceedings to carry out the improvement or any extension or refinancing thereof, except that § 111.04 through 111.08 applies if additional property is included in the improvement or if change is made in the method or period of financing; but additional property may be included in the improvement with the consent of the owner thereof without compliance with other sections if it does not increase the cost apportioned to any other property, or any other change may be made without such compliance if all property owners of the improvement consent.

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