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 City Council.
If more than a single improvement is undertaken,
the City 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 City Council determines to reconsider an assessment, it is empowered, after giving notice as required in §
55-21, to amend, cancel or confirm any prior assessment; and notice of this amending, canceling or confirming shall be given by the City Administrator as provided in §
55-22 of this article.
If the cost of the work or improvement is less
than the assessment levied, the City 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 City 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), Wis. Stats. Special assessments
to retire such bonds and pay the interest thereon shall be levied
under § 66.0713(4), 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.