(a) The City Clerk shall within sixty days after the completion of each public improvement, compile the actual cost of the improvement and certify the same to the City Assessor who shall adjust the special assessment roll to correspond with the actual cost.
(b) Should the assessment on the roll prove larger than necessary to pay all actual costs of the public improvement, and the amount of the excess is less than five percent, the same shall be reported to the City Council, which may place the excess in the City treasury or make a refund pro rata according to the assessment to the owners of the respective properties on the roll at the time of the refund. If the assessment on the roll exceeds the amount necessary by five percent or more, the entire excess shall be refunded or credited pro rata according to the assessment to the owners of property as shown by the City assessment roll at the time of the refund or credit upon which such assessment has been levied. No refunds or special assessments may be made which impair or contravene the provision of any outstanding obligation or bond secured in whole or part by such special assessments. In the case of assessments due in installments, the City Council may order the refund given by credit against the installments last coming due.
(c) When any special assessment roll shall prove insufficient to meet the cost of the improvement for which it was made, the City Council may make an additional pro rata assessment, but the total amount assessed against any one parcel of land shall not exceed the benefits derived by the lot or parcel of land.
(Ord. 115. Passed 10-9-07.)
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