§ 17-340. Capital costs.

The costs of the capital project shall include not only expenses of designing, constructing or otherwise acquiring the capital project, but also:

(1)

The expenses incurred in issuing bonds, including payment of capitalized interest, capitalized reserves, fiscal agent fees, bond discounts, bond insurance premiums, legal fees, and other incidental expenses;

(2)

The costs of administering and collecting the special assessments, including tax collector commissions, discounts for early payment, and other incidental collection costs;

(3)

The costs of land acquisition, if any; and

(4)

Any other costs properly attributable to the capital project.

(Code 1965, § 33-54; Ord. No. 82-7, § 2, 5-18-82)