The cost of any work or improvement to be paid
in whole or in part by special assessment on property may include
the direct and indirect cost thereof, the damages occasioned thereby,
the interest on bonds or notes issued in anticipation of the collection
of the assessments, a reasonable charge for the services of the administrative
staff of the City and the cost of any architectural, engineering and
legal services, and any other item of direct or indirect cost which
may reasonably be attributed to the proposed work or improvement.
The amount to be assessed against all property for any such proposed
work or improvement shall be apportioned among the individual parcels
in the manner designated by the Common Council.
If more than a single improvement is undertaken,
the Common Council may combine the assessments as a single assessment
on each property affected except that the property owner may object
to any one or more of said improvements.
If, after completion or after the receipt of bids, the actual cost of any work or improvement is found to vary materially from the original estimate, or the assessment is void or invalid for any reason, or if the Common Council determines to reconsider an assessment, it is empowered, after giving notice as required in §
15-5, to amend, cancel or confirm any prior assessment; and notice of this amending, canceling or confirming shall be given by the City Clerk as provided in §
15-6 of this chapter.
If the cost of the work or improvement is less
than the assessment levied, the Common Council without notice or hearing
shall reduce each assessment proportionately. If the assessment has
been paid either in part or in full, the City shall refund the property
owner such overpayment.
As an alternative to any other financing method,
the Common Council may provide for the payment of the initial cost
of any public improvement from the proceeds of special assessment
"B" bonds issued under § 66.0713(4) and (5), Wis. Stats.
Special assessments to retire such bonds and pay the interest thereon
shall be levied under § 66.0703, Wis. Stats., payable in
such installments at a rate to be determined by the Council based
upon borrowed money rates at the time of the special assessment.
If financial assistance is received from the
federal government, State of Wisconsin and/or Bayfield County to defray
a portion of the cost of an improvement, such aid shall be first used
to defray the City general, water or wastewater utility share of the
project cost. If the aid received is more than the amount of the improvement
cost to be paid by the City general fund, water or wastewater utility,
the remainder of the aid will be used to reduce the assessment against
abutting property owners; such reduction to be applied to each individual
assessment portion to the ratio of that assessment to the total assessment
for the project.