§ 13-5-603. Determination of assessable amount.  


Latest version.
  • (a) Requirement. For properties required to connect to projects initiated in accordance with §§ 13-5-302 and 13-5-303 or to projects bringing private water or wastewater facilities up to County standards such that the public system can become owned by the County, the Director shall calculate, in accordance with this section, the rate of front foot benefit assessment to be levied in order to recover the costs for each individual project.
    (b) Net assessable amount. The Director shall first determine the net assessable amount of a project by:
    (1) establishing the actual construction cost of the project, including the costs of engineering, right-of-way purchases and any other expenses required to complete the project;
    (2) subtracting from the actual construction cost any costs associated with making service available beyond the area to be served and any State or federal aid received for the project; and
    (3) adding to the adjusted actual construction cost the amount necessary to reimburse the County for the estimated interest expense of the money invested in the project, as determined by the Controller.
    (c) Required annual revenue. After determining the net assessable amount of a project, the Director shall determine the annual revenue required to recover the cost of the project by dividing the net assessable amount by 30.
    (d) Revenue divided by boundary feet. After determining the annual revenue required to recover the cost of the project, the Director shall establish the rate of annual assessment for each front foot by dividing the annual revenue by the total boundary feet in the project.
    (1985 Code, Art. 25, § 25-5-603) (Bill No. 128-93; Bill No. 17-00; Bill No. 63-04; Bill No. 20-09)