3.02.210 Rebates and credits.
If assessments have been made on the basis of estimated cost, and if on completion of the improvement project the cost is found to be less than the estimated cost, the council shall ascertain and declare the assessments, by ordinance, and when so declared the finance director shall:
A. Enter the over-assessed amounts on the City’s lien docket, as a reduction of the property owner’s original assessment lien;
B. Recompute all past principal and interest installment billings as though the actual cost of improvements were known at the time of the original assessment, and the differences between the original installment billings and the recomputed installment billings shall be entered into the City’s lien docket as an adjustment to the property owner’s reassessed assessment lien account. In the event that payments have been made on all or part of the original installment billings and the amount paid exceeds the total recomputed installment amount due, the person that paid the original assessment or the person’s legal representative or successor may apply for a cash refund. To receive a cash refund a written request must be received by the finance director within 30 days after passage of the re-assessment ordinance;
C. In the event that the original assessment has been paid in full before passage of the re-assessment ordinance by council, the person who paid the original assessment or the person’s legal representative or successor shall be entitled to a cash refund of the excess amount paid. [BC 3.02.210, amended by Ordinance No. 3353, 12/20/83; Ordinance No. 3413, 10/23/84]