3.90.070 Computation of assessment and preparation of assessment roll.
A. Accounting. A correct account shall be kept of all the expenses of the improvement. The expenses to be assessed may include all costs incident to the making of the improvement, as well as the costs of all items of work or expense which reasonably arise in connection with the improvement, including but not limited to interest during construction, engineers’ and attorneys’ fees, property acquisition, financing costs including interest, and costs to be incurred in the collection of the assessment. After the total cost of the improvement is established or estimated, that portion of the cost to be borne by special assessments shall be apportioned and spread against the various tracts of real estate in proportion to the benefit to be received by each and entered on the assessment roll. In anticipation of delinquent assessments, there may be added to each separate assessment appearing on the assessment roll a sum not less than three percent and no greater than 10 percent of the assessment. Such assessment roll shall contain a brief description or designation of each tract of property, the name of the owner or reputed owner, and the amount of the proposed assessment.
B. Land Subdivision.
1. Property which has been subdivided subsequent to formation of the LID but prior to certification of the assessment roll shall be assessed on the same basis as other property in the LID unless such an assessment method would be an inequitable method of assessing the affected property, which method may be revised and altered by the board of equalization at the hearing on the assessment roll.
2. Whenever, prior to the confirmation of the assessment roll for an LID, property within the LID is subdivided or otherwise replatted, the assembly may, by ordinance, make minor adjustments to the LID boundary to make such boundary conform to property lines in the subdivision. Such boundary adjustment may add or delete property lines in the subdivision. Notice of the proposed boundary adjustment shall be mailed or delivered to the subdivider and grantees of the subdivider.
C. Assessments shall include interest at a rate set by the assembly. A penalty for late payment shall be set by the assembly.
D. Alternative Utility Credit. A credit for the full cost of utility improvements may be allowed by the borough under the following conditions:
1. Applicant must own a residence in the proposed local improvement district.
2. Application must be made to the manager or the manager’s designee prior to the public hearing on the project’s necessity.
3. The applicant must be using an alternative utility source at the time of application.
4. The aggregate credit allowed shall not exceed 10 percent of the final project cost and shall be distributed equally among all qualifying applicants.
5. On a form approved by the manager or the manager’s designee the applicant agrees that the distributed amount of the credit is a lien on the property and that if within 10 years the applicant hooks up to commercial utilities that the full amount credited will become due and payable to the borough. The lien goes with the property.
6. If at the end of 10 years the applicant or the applicant’s heirs have not hooked up to commercial utilities, the borough will withdraw the lien on the property and it will become null and void.