KRS 74.130: Classification of lands for assessments -- Report.

(1) The commission shall examine the real estate in the district that may be affected by

the proposed water system, and classify it into five (5) classes according to the

benefit it will receive from the construction and operation of the water system. The

real estate receiving the most benefit shall be marked "class A," and the other

classes shall be marked "class B," "class C," "class D" and "class E," respectively,

the real estate receiving the smallest benefit being marked "class E." All real estate

actually receiving water shall be placed in the highest classification. The amount of

real estate owned by any person in each class, and the extent benefited shall be

determined. The scale of assessment to be made by the commission upon the

several classes shall b e in the ratio of five (5), four (4), three (3), two (2) and one

(1). The classification shall form the basis of the assessment of benefits to the real

estate for all purposes.

(2) If the commission believes that substantial injustice will be done any land owner by

strict conformity to the five (5) class rule above, the classification may be changed

by diminishing or increasing the number of classes so as to conform to existing

conditions.

(3) The commission shall make a report containing a statement of the estimated cost of

the work and improvement to be made in the district, a description of all real estate

in the district, showing the amount of real estate in each class, in tabulated form,

and the names of the owners, and a statement of the estimated benef its that will

accrue to each class of real estate by reason of the construction of the proposed

improvements.