Kentucky Statutes 67A.745 – Notification of property owners as to amount due — Issuance of bonds
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(1) When the total cost of the project has been established, the amount to be assessed against each parcel of property shall be determined. Property owners shall be notified by certified mail of the exact amount due for their portion of the project. They shall be given thirty (30) days in which to pay in full.
(2) At the end of the thirty (30) days, the governing body shall total the amount of properties for which no payment was received and authorize sale of bonds of the urban-county government to provide the amount necessary to complete financing of the project. The governing body shall establish the denominations and maturity dates thereof which may be term or serial maturities, not to exceed twenty (20) years.
Effective: June 21, 1974
History: Created 1974 Ky. Acts ch. 394, sec. 8, effective June 21, 1974.
(2) At the end of the thirty (30) days, the governing body shall total the amount of properties for which no payment was received and authorize sale of bonds of the urban-county government to provide the amount necessary to complete financing of the project. The governing body shall establish the denominations and maturity dates thereof which may be term or serial maturities, not to exceed twenty (20) years.
Terms Used In Kentucky Statutes 67A.745
- Certified mail: means any method of governmental, commercial, or electronic delivery that allows a document or package to have proof of:
(a) Sending the document or package. See Kentucky Statutes 446.010 - Project: means any undertaking within or near a local parking district. See Kentucky Statutes 67A.912
Effective: June 21, 1974
History: Created 1974 Ky. Acts ch. 394, sec. 8, effective June 21, 1974.