(A) The City Manager shall, within 60 days after the completion of each local or special public improvement, compile the actual cost thereof and certify the same to the Assessor, who shall adjust the special assessment roll to correspond therewith.
(B) When any special assessment roll shall prove insufficient to pay the cost of the improvement for which it was made (including the expense incidental thereto and the principal and interest on bonds or other evidences of obligation issued therefor), additional pro rata assessments may be made, but the total amount assessed against any one parcel of land shall not exceed the value of benefits received by the lot or parcel of land. The additional pro rata assessment shall not exceed 25% of the assessment as originally confirmed, unless a meeting of the Commission be held to review the additional assessment, for which meeting notices shall be published and mailed as provided in the case of the original special assessment roll.
(C) (1) The excess by which any special assessment proves larger than the actual cost of the improvement and expenses incidental thereto may be placed in the general fund of the city if such excess is 5% or less of the assessment, but should the assessment prove larger than necessary by more than 5%, the entire excess shall be refunded. The refund shall be credited against future unpaid installments to the extent of the installments then existing, and the balance of the refund shall be in cash.
(2) No refunds may be made which contravene the provisions of any outstanding evidence of indebtedness secured in whole or part by the special assessment.
(Prior Code, § 25-79)
Charter reference:
Disposition of excessive special assessments, see § 11.4