In the event that the Board of Commissioners shall, after consideration of any petition, determine that curbs and gutters shall be constructed in accordance with the petition, then the following requirements shall apply:
(A) One-half the entire cost of all curbs and gutters shall be charged against and paid by the property owners and assessed upon the lots and parcels of land abutting directly on the improvements according to the extent of their respective frontage by an equal rate per foot of such frontage;
(B) No construction of curbs and gutters shall be undertaken until and unless the property owners to be assessed for such improvement deposit with the Town Administrator/Clerk an amount equal to two-thirds of one-half the total estimated cost of such improvement;
(C) Property owners not making an advance payment shall be assessed and pay their assessment in five equal annual installments; and
(D) All curbs and gutters shall be constructed in accordance with all plans and specifications of the town.
(1992 Code, § 96.31) (Ord. passed 9-12-1957) Penalty, see § 96.99