§ 40-15. Disposition of excessive assessments.

Pursuant to § C8-3 of the City Charter, 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. Should the assessment prove larger than necessary by more than 5%, the entire excess shall be refunded on a pro rata basis to the owners of the property assessed. Such refund shall be made by credit against future unpaid installments to the extent such installments then exist, and the balance of such refund shall be in cash. No refunds may be made which contravene the provisions of any outstanding evidence of indebtedness secured in whole or in part by such special assessment.

Code 1975, § 28-15; Code 1992, § 24-15; 6-26-2017 by Ord. No. 17-005