67A.745 Notification of property owners as to amount due -- Issuance of bonds.
124 words·~1 min read·
/ky/chapter-67a/67a-745A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)When the total cost of the project has been established, the amount to be assessed
against each parcel of property shall be determined. Property owners shall be
notified by certified mail of the exact amount due for their portion of the project.
They shall be given thirty
(30)days in which to pay in full.
(2)At the end of the thirty
(30)days, the governing body shall total the amount of
properties for which no payment was received and authorize sale of bonds of the
urban-county government to provide the amount necessary to complete financing of
the project. The governing body shall establish the denominations and maturity
dates thereof which may be term or serial maturities, not to exceed twenty
years.