The council, in accordance with the applicable provisions of the city Charter, shall
have the power to pay out of its general fund, or out of any special fund that may
be provided for that purpose, such portion of the costs of the proposed improvement
as it may deem to be the proper portion to be borne by the city. Interest accrued
while an improvement is under construction, and for six (6) months thereafter, shall
be deemed part of the cost of the improvement. In addition, all legal and advertising
costs, all charges incident to the cost of any referendum required as a condition
precedent to the expenditure of public funds, and all engineering and inspection costs,
including a proper proportion of the compensation, salaries and expenses of the engineering
staff, properly chargeable to any improvement, shall be deemed a part of the cost
of the improvement. When revenue bonds or certificates are issued in order to obtain
money with which to make the improvement, all cost and estimated cost incurred in
issuing such revenue bonds or certificates and obtaining such funds including attorneys'
fees and other charges for legal work shall be deemed a part of the cost of the improvement.
When local improvements are made by city employees, all legal charges, including attorneys'
fees, all charges incident to the cost of any referendum required as a condition precedent
to the expenditure of public funds, advertising cost, engineering cost, payroll, materials,
equipment rental at the prevailing rates, plus not more than fifteen (15) percent
of the total payroll, material and equipment rental cost for general overhead expense,
may be included in the cost of the improvement. When the improvement has been completed,
the council shall ascertain and determine the total cost of the improvement.
(Ord. No. 82-132, § 4, 7-27-82)
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