67A.710 Definitions.

192 words·~1 min read·/ky/chapter-67a/67a-710

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The term "assessed value basis" as used in KRS 67A.715 to 67A.825 means the

plan for levying of improvement benefit assessments on the basis of the assessed

land values of the benefited properties, as authorized by KRS 67A.715 to 67A.825.

(2)The term "costs" as applied to any project undertaken under KRS 67A.715 to

67A.825 includes the cost of labor, materials, and equipment necessary to complete

the project in a satisfactory manner, cost of land acquired, and every expense

connected with the project, including preliminary and other surveys, inspections of

the work, engineers' fees and costs, attorneys' fees, preparation of plans and

specifications, publication of ordinances and notices, interest which will accrue on

the bonds until the due date of the first annual improvement assessment levied in

connection therewith, a sum equal to any discount in the sale of the bonds (if

discount bids are authorized and permitted by the governing body), a reasonable

allowance for unforeseen contingencies, the printing of bonds, and other costs of

financing which may include the payment of a fee to a fiscal agent for advice and

assistance in the preparation and marketing of the bonds.