(A) The Town Council, at a public hearing, shall review and approve the benefit study and repayment methodology upon which repayment obligations will be assessed against benefitted parcels or property. Notice of the hearing shall be given to the property owners, and other affected persons, who would be subject to the repayment for the costs of improvements under the agreement, by regular mail no less than ten days prior to the date of the hearing.
(B) An affidavit of mailing of such notice shall be filed in the office of the Town Clerk. The notice of hearing shall contain:
(1) The name, address, and tax parcel number of each property owner.
(2) A description of the proposed improvements.
(3) The estimated cost of the repayment obligation for each affected parcel of property.
(4) The date, time and place that the town Council shall consider the repayment agreement and possible adoption of a resolution of approval.
(5) Notice shall also be published in a daily newspaper of general circulation in the town in five successive issues.
(Ord. 05-12, passed 7-12-2005)