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This entry was published on 2014-09-22
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SECTION 278
Definitions
County (CNT) CHAPTER 11, ARTICLE 5-A
§ 278. Definitions. For purposes of this article the following
definitions shall apply:

1. the term "board of supervisors" shall be deemed to mean "county
legislature" in those counties having county legislatures;

2. the term "typical property" shall mean a benefited property having
an assessed value that approximates the assessed value of the mode of
the benefited properties situated in the district or extension that will
be required to finance the cost of the proposed improvements;

3. the term "typical one or two family home" shall mean a benefited
property improved by a one or two family dwelling and having an assessed
value that approximates the assessed value of the mode of the benefited
properties improved by one or two family dwellings situated in the
district or extension that will be required to finance the cost of the
proposed improvement;

4. the terms "cost of the district or extension to the typical
property" and "cost of the district or extension to the typical one or
two family home" shall mean the amount that it is estimated that the
owner of such a typical property or home within the district or
extension will be required to pay for debt service, operation and
maintenance and other charges, such as user charges, related to the
improvements in the first year following formation of the district or
extension or, if greater, in the first year in which both principal and
interest on any indebtedness and operation and maintenance costs will be
paid;

5. the term "mode" shall mean, in connection with assessed value of
property, the most frequently occurring assessed value as shown on the
latest completed final assessment roll.