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67A.710 Definitions.

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67A.710 Definitions. (1) The term &quot;assessed value basis&quot; as used in KRS 67A.715 to 67A.825 means the plan for levying of improvement benefit assessments on the basis of the assessed <br>land values of the benefited properties, as authorized by KRS 67A.715 to 67A.825. (2) The term &quot;costs&quot; as applied to any project undertaken under KRS 67A.715 to 67A.825 includes the cost of labor, materials, and equipment necessary to complete <br>the project in a satisfactory manner, cost of land acquired, and every expense <br>connected with the project, including preliminary and other surveys, inspections of <br>the work, engineers' fees and costs, attorneys' fees, preparation of plans and <br>specifications, publication of ordinances and notices, interest which will accrue on <br>the bonds until the due date of the first annual improvement assessment levied in <br>connection therewith, a sum equal to any discount in the sale of the bonds (if <br>discount bids are authorized and permitted by the governing body), a reasonable <br>allowance for unforeseen contingencies, the printing of bonds, and other costs of <br>financing which may include the payment of a fee to a fiscal agent for advice and <br>assistance in the preparation and marketing of the bonds. Effective: June 21, 1974 <br>History: Created 1974 Ky. Acts ch. 394, sec. 1, effective June 21, 1974.