12-1811. Installment payments; interest; costs included in assessment.
12-1811
12-1811. Installment payments; interest; costs included in assessment.
The assessment may be levied to be paid in one installment or in not
more than five installments at the discretion of the governing body, and
when installments are certified to the county clerk, interest at the rate
specified on the scrip or bonds hereinafter authorized to be issued shall
be added: Provided, That when scrip or bonds are not issued the
interest on the one installment shall be four percent. The assessment shall
include the cost of materials, labor, engineering and supervision,
publication expense, cost of printing bonds, removing old sidewalk, and all
other expenses properly chargeable against the project: Provided, That
certain costs not ascertained at the time of figuring the expense, such as
publication of the assessment ordinance, printing of bonds, etc., may be
estimated: Provided, That the costs relating to scrip or bonds shall
be deducted if the assessment is paid within the thirty days provided for
herein.
History: L. 1941, ch. 103, § 11; June 30.