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(A) The city may not finance any improvement in whole or in part through special assessments except as provided in this subchapter and in any applicable statutes.
(KRS 91A.200)
(B) Cost of an improvement shall be apportioned equitably on a fair basis.
(C) The city may provide for lump sum or installment payment of assessments or for bond or other long-term financing and for any improvement may afford property owners the option as to method of payment or financing.
(KRS 91A.220)
Statutory reference:
Improvements; alternate methods, see KRS Ch. 107
The cost of any improvement shall be apportioned on a benefits received basis with respect to any property owned by the state, a local unit of government or any educational, religious or charitable organization. Council may assess the property in the same manner as for privately owned property or it may pay the costs so apportioned out of general revenues.
(KRS 91A.230)
Before undertaking any improvements pursuant to this subchapter, the city shall prepare a comprehensive report setting out:
(A) The nature of the improvement;
(B) The scope and the extent of the improvement, including the boundaries or other description of the area to be assessed;
(C) The preliminary estimated cost of the improvement;
(D) The fair basis of assessment proposed;
(E) If financing of assessments is provided, the proposed method, including the proposed years to maturity of any bonds to be issued in connection with the improvement; and
(F) Such other information as may further explain material aspects of the improvement, assessments or financing.
(KRS 91A.240)
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