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107.130 Assessment against benefited properties -- Determination of assessment ratio -- Special assessment.

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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 <br>outstanding bonds of a wastewater collection project undertaken by a metropolitan sewer <br>district, whether all authorized bonds have been issued or not, shall be assessed against <br>the benefited properties for benefits conferred. The sum shall include any amounts <br>required annually to pay trustees' fees, paying agents' fees, cost of administration of the <br>wastewater collection project, and the cost of billing, collecting and enforcing <br>improvement benefit assessments, including fees of proper governmental bodies incident <br>to placing assessment bills on tax statements, and collecting, enforcing and remitting <br>same. If the board of a metropolitan sewer district in relation to a wastewater collection <br>project has determined that all benefited properties within classified zones are <br>substantially equally benefited, the same assessment levy shall be made against each <br>benefited property within a classified zone. Otherwise the sum required to be raised <br>annually for the sinking fund shall be assessed against the property benefited in the <br>proportion that the assessed value of each lot or parcel for city taxation shall bear to the <br>whole assessed value of the benefited properties, as shown by the records upon which city <br>taxation may, from time to time, be based. Where there is no such record, as in the case of <br>public property, or property owned by religious, charitable, or educational institutions, the <br>same (except that owned by the United States government) shall be specially assessed by <br>the proper assessing officers, and for such special assessment reasonable compensation <br>may be made. Any such special assessment shall be subject to all procedures for <br>equalization and judicial review as may be provided by law in connection with ordinary <br>assessments. History: Amended 1976 (1st Extra. Sess.) Ky. Acts ch. 13, sec. 19. -- Created 1956 Ky. Acts ch. 239, sec. 13.