The town shall have the power to levy and collect taxes in the
form of special assessments upon property in a limited and determinable
area for special benefits conferred upon such property by the installation
or construction, of water mains, sanitary sewer main, storm water
sewers, curbs, and gutters and by the construction, and paving of
public ways and sidewalks or parts thereof, and to provide for the
payment of all or any part of the above projects out of the proceeds
of such special assessment. The cost of any project to be paid in
whole or in part by special assessments may include the direct cost
thereof, the cost of any land acquired for the project, the interest
on bonds, notes or other evidences of indebtedness issued in anticipation
of the collection of special assessments, a reasonable charge for
the services of the administrative staff of the town, and any other
item of cost which may reasonably be attributed to the project. (Res.,
March, 1963, sec. 89; P.L.L. 1963, sec. 94.)