Arizona Laws 48-593. Proportionate assessment; collection or issuance of bonds
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The governing body may, upon completion of any portion of the improvement for which the contract price equals twenty thousand dollars or more, order the superintendent to make an assessment for the proportionate part of the contract completed, and thereon proceedings and rights of collection of such proportionate amount shall be had as provided by this article. If the resolution of intention for the improvement provides for the issuance of improvement bonds, they shall be issued and delivered to the contractor for the proportionate amount of the contract price so assessed.
Terms Used In Arizona Laws 48-593
- Contract: A legal written agreement that becomes binding when signed.
- Contractor: includes the contractor's personal representative or assignee. See Arizona Laws 48-571
- governing body: includes and means the body or board which by law is constituted the legislative department of an incorporated city or town. See Arizona Laws 48-571
- improvement: includes any or all of the improvements mentioned and authorized to be made in this and article 1 of this chapter and the construction, reconstruction and repair of all or any portion of the improvements, and all labor, services, incidental expenses and material necessary or incidental to the construction, reconstruction or repair. See Arizona Laws 48-571
- superintendent: includes any person who, under whatever official name, is charged with the care or supervision of the streets of the city or town. See Arizona Laws 48-571