Allocation of Cost

After all land has been classified on the basis of benefits received, the Director shall:

(a)Pro-rate the total costs among the classes of land, determined according to the percentage of benefit of the public facility to each class.

(b)Pro-rate the total costs assigned to each class among the parcels of land contained in that class.

(c)Allocate to each parcel its costs and prepare an itemized statement of the costs for the owner of each separate parcel, which will show the total amount in full at completion of the project, and the annual installments if the costs are paid over a period of five

(5)years or a period ten

(10)years with interest at six percent (6%) per annum.

(d)Submit a final report to the Commission, setting out in detail the completed plans and specifications, the total cost of the project and the proposed assessment against each parcel of land within the district including the five and ten-year plans of amortization.