Arizona Laws 48-556. Issuance of bonds on revised assessment; increase or decrease of amount assessed; invalid assessments
A. Bonds shall be issued for the amount determined and assessed by the appraisers as revised by the governing body, and assessments for the amount shall remain of record in the office of the superintendent of streets. The assessments shall be payable in installments, as provided by the original proceedings.
Terms Used In Arizona Laws 48-556
- city: includes counties, incorporated cities and towns and other corporations organized for municipal purposes. See Arizona Laws 48-501
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- 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 all the improvements mentioned in this article, and the term or terms "street opening or widening" and "opening or widening" include all improvements mentioned in this article. See Arizona Laws 48-501
- 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
B. If the proceedings in the superior court result in increasing the amount necessary to pay compensation and damages assessed, the governing body shall levy an additional assessment upon the parcels of land included in the assessment. The additional assessment shall be apportioned among the several parcels of land included in the assessment in the same proportion as the assessments approved by the governing body.
C. If the proceedings in the superior court result in decreasing the amount necessary to pay compensation and damages, the amount of decrease shall be prorated among the parcels assessed and credited on the taxes of the city or town assessed on the respective parcels.
D. If for any reason any or all assessments against which bonds are issued under the provisions of this article are held invalid, the governing body shall levy a new assessment against the parcel or parcels of land against which the assessments have been held invalid for the amount required to subject such parcel or parcels to the proper proportion of the benefits derived by it from the improvement.