(A) Should the special assessment or the proceeds of sale of any special assessment bonds prove larger than necessary to meet the costs of the improvement or to meet the principal and interest requirements of any special assessment bonds and expenses incidental thereto, the excess shall be placed in the Village Treasury.
(B) If more than 5%, the excess shall be returned pro rata according to assessments, except as otherwise provided in this subchapter. No refunds may be made which contravene the provisions of any evidence of indebtedness secured in whole or in part by such special assessment.
(1984 Code, § 1-05-180) (Ord. 41, passed 3-21-1974)