KRS 107.130: Assessment against benefited properties -- Determination of assessment

ratio -- Special assessment.

The sum required annually for the sinking fund and consequent amortization of the

outstanding bonds of a wastewater collection project undertaken by a metropolitan sewer

district, whether all authorized bonds have been issued or not, shall be assessed against

the benefited properties for benefits conferred. The sum shall include any amounts

required annually to pay trustees' fees, paying agents' fees, co st of administration of the

wastewater collection project, and the cost of billing, collecting and enforcing

improvement benefit assessments, including fees of proper governmental bodies incident

to placing assessment bills on tax statements, and collectin g, enforcing and remitting

same. If the board of a metropolitan sewer district in relation to a wastewater collection

project has determined that all benefited properties within classified zones are

substantially equally benefited, the same assessment levy shall be made against each

benefited property within a classified zone. Otherwise the sum required to be raised

annually for the sinking fund shall be assessed against the property benefited in the

proportion that the assessed value of each lot or parcel for city taxation shall bear to the

whole assessed value of the benefited properties, as shown by the records upon which city

taxation may, from time to time, be based. Where there is no such record, as in the case of

public property, or property owned by religious, charitable, or educational institutions, the

same (except that owned by the United States government) shall be specially assessed by

the proper assessing officers, and for such special assessment reasonable compensation

may be made. Any such spe cial assessment shall be subject to all procedures for

equalization and judicial review as may be provided by law in connection with ordinary

assessments.