Authorizing municipalities to create assessment reimbursement areas for the construction or improvement of water or sewer facilities.
Summary
Authorizes a municipality (a county, city, town, or drainage district) to create an assessment reimbursement area (ARA) on its own initiative, finance all of the costs associated with construction or improvement of water or sewer facilities (facilities), and become the sole beneficiary of reimbursements.
Requires the municipality to notify affected property owners of its preliminary determination of the ARA's boundaries and assessments, and record its final determination with the county auditor.
Establishes that reimbursements to a municipality: (a) may not exceed each property's pro rata share of costs associated with construction of facilities required to meet utility service and fire suppression standards; and (b) may not include administrative and legal costs, except for engineering and construction management costs.
From the Substitute House Bill Report (SSB 5795), written by the Legislature's nonpartisan staff. Read the full report ↗
AN ACT Relating to authorizing municipalities to create assessment reimbursement areas for the construction or improvement of water or sewer facilities;