Laserfiche WebLink
[(4)] "Cost" means the cost, either estimated or actual, as the case may be, of the <br />improvements to be opened, constructed or improved in proceedings taken <br />pursuant to this chapter for which assessments are to be levied. There may be <br />included within the definition of "cost," amounts for construction contingencies, <br />bond discounts, reserve funds, capitalized interest, and incidentals. <br />"Improvement district" means any contiguous or noncontiguous area within the <br />County which has been designated by the council as an improvement district for <br />the purposes of this chapter. <br />"Incidentals" means expenses in carrying out proceedings pursuant to this <br />chapter for: <br />(A) Preparation of maps, notices, and other documents; <br />(B) Posting, mailing and publication costs; <br />(C) Preparation and printing of bonds, bond registers and transfer books; <br />(D) Fees of financial, legal, engineering and surveying consultants; and <br />(E) Such other administrative or miscellaneous expenses which relate directly to <br />the proceedings. <br />"Owner" of an assessment unit means the person to whom the real property tax <br />for such assessment is assessed, as shown on the real property tax assessment <br />roll, regardless of whether such person is exempt from the payment of such tax. <br />"Premium" means: <br />(A) An amount payable by a property owner at the time the owner makes an <br />advance payment of unpaid installments of the assessment in accordance with <br />the provisions of section 12-35 (Advance payment of assessment installment) <br />which amount is in addition to the unpaid principal amount the owner's <br />assessment and the interest thereon to the next date for the payment of <br />installments; <br />(B) An amount payable to the holder. of a bond issued pursuant to this chapter <br />which is called by the director of finance for payment before maturity in <br />accordance with the provisions of section 12-54 (Payment of bonds), and <br />which is in addition to the face amount of such bond and the interest thereon <br />payable to such bondholder; or <br />N <br />