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 §
58-27, to amend, cancel or confirm any prior assessment; and notice of this amending, canceling or confirming shall be given by the City Clerk-Treasurer as provided in §
58-28 of this article.
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.