Section 9-43-130 – Approval, modification or rejection of plan.
9-43-130. Approval, modification or rejection of plan. At the hearing, the governing body shall consider any objections and may by resolution approve and adopt the proposed plan or change it in such manner as it may deem necessary. The governing body may adopt and approve the plan or may reject the plan and order a […]
Section 9-44-8 – Tax levy to pay deficiency in improvement fund–Covenant to levy–Limitation of levy.
9-44-8. Tax levy to pay deficiency in improvement fund–Covenant to levy–Limitation of levy. The municipality may agree that in the event of a deficiency in the improvement fund, the governing body will levy an ad valorem tax upon all of the taxable property within the municipality in an amount as may be necessary to pay […]
Section 9-43-131 – Lots in district liable for assessments upon approval of plan.
9-43-131. Lots in district liable for assessments upon approval of plan. When a resolution adopting and approving a local improvement district plan takes effect, the plan shall be numbered and filed in the office of the finance officer and shall then constitute the plan of the district, and the lots contained in the district are […]
Section 9-44-9 – Reduction of assessments on decision to pay bonds from taxes or service charges–Supplemental assessments on property benefited.
9-44-9. Reduction of assessments on decision to pay bonds from taxes or service charges–Supplemental assessments on property benefited. In the event that the governing body shall determine to pay any portion of municipal improvement bonds from taxes and/or collections of service charges, it may direct that the estimate for special assessments and the assessment roll […]
Section 9-43-132 – Apportionment of costs according to benefits accruing to lots.
9-43-132. Apportionment of costs according to benefits accruing to lots. The total cost, or any portion of the cost that is assessable against all the real property within any district or area benefited by the local improvement, may be apportioned according to the benefits to accrue to each lot or tract, as determined by the […]
Section 9-44-10 – Bonds payable from improvement fund–Negotiability–Municipal obligation limited.
9-44-10. Bonds payable from improvement fund–Negotiability–Municipal obligation limited. All bonds shall be payable solely out of the fund of the improvement or improvements to be financed thereby but they shall be negotiable investment securities within the meaning of chapter 57A-8. The obligation of the municipality with reference thereto shall be limited to the proper administration […]
Section 9-43-133 – Lots subject to assessment both as fronting and abutting property and as property benefited.
9-43-133. Lots subject to assessment both as fronting and abutting property and as property benefited. If any lot is subject to assessment both as fronting and abutting property and as property within the district or area benefited by the local improvement, the sum of both assessments may be the amount to be stated in the […]
Section 9-43-134 – New assessment or reassessment for irregularities.
9-43-134. New assessment or reassessment for irregularities. If any special assessment for any local improvement is set aside for irregularity in the proceedings or declared void by reason of noncompliance with the provisions of law when ordering or letting the work or making the assessment, or if the collection of any portion of the assessment […]
Section 9-43-119 – Calculation of net indebtedness of municipality on general obligation bonds.
9-43-119. Calculation of net indebtedness of municipality on general obligation bonds. The principal amount of all special assessment bonds that are held in any debt service fund and that are not in default as to either principal or interest, as well as other assets of the fund, are deductible from the principal amount of the […]
Section 9-43-120 – Special assessment accounts–Source of moneys for accounts.
9-43-120. Special assessment accounts–Source of moneys for accounts. The governing body may by ordinance or resolution create and maintain special assessment accounts for financing local improvements for which assessments are to be levied. The governing body may provide moneys for the accounts in the annual appropriation ordinance or by transfer of unused balances from other […]