278 - Definitions.

§  278.  Definitions.    For  purposes  of  this article the following  definitions shall apply:    1. the term "board of supervisors" shall be  deemed  to  mean  "county  legislature" in those counties having county legislatures;    2.  the term "typical property" shall mean a benefited property having  an assessed value that approximates the assessed value of  the  mode  of  the benefited properties situated in the district or extension that will  be required to finance the cost of the proposed improvements;    3.  the  term  "typical one or two family home" shall mean a benefited  property improved by a one or two family dwelling and having an assessed  value that approximates the assessed value of the mode of the  benefited  properties  improved  by  one  or  two  family dwellings situated in the  district or extension that will be required to finance the cost  of  the  proposed improvement;    4.  the  terms  "cost  of  the  district  or  extension to the typical  property" and "cost of the district or extension to the typical  one  or  two  family  home"  shall  mean the amount that it is estimated that the  owner of such  a  typical  property  or  home  within  the  district  or  extension  will  be  required  to  pay  for  debt service, operation and  maintenance and other charges, such as  user  charges,  related  to  the  improvements  in  the  first year following formation of the district or  extension or, if greater, in the first year in which both principal  and  interest on any indebtedness and operation and maintenance costs will be  paid;    5.  the  term  "mode" shall mean, in connection with assessed value of  property, the most frequently occurring assessed value as shown  on  the  latest completed final assessment roll.