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tII. DEFINITIONS <br />1. General <br />d) Assessment Rate <br />The assessment rate for any special assessment district is <br />computed by dividing the total assessable costs of such <br />improvement by the total number of assessment units, such as <br />dividing the total cost of a water lateral proj ect by the total <br />adj usted front footage of property benefited by that proj ect. <br />b) Assessable Costs <br />The assessable cost of an improvement shall be defined as those <br />costs which in the opinion of the City Council are attributable to <br />the need for service in the area served by the improvement. <br />Assessments shall be based on estimated costs. All f00tdg25 are <br />• computed to the nearest hundredth of a foot. Areas are computed <br />and recorded to the nearest square foot, or 1/100th of an acre. <br />C) Petition <br />Petition shall mean a written document presented to the City <br />Council for purposes of initiating a public improvement proj ect. <br />All signatures shall be accompanied by the address of each <br />signator, the date of the signature and a printing of each <br />signator's name. An example of the usual form of petition <br />is included in the Appendix. <br />d) Total Project Cost <br />Total proj ect cost shall mean the final construction cost plus all <br />associated overhead costs. Overhead costs shall include but not <br />be limited to city administration, engineering, legal, fiscal, <br />- i interest during construction and land dCQUlS1t10i1. <br />4 <br />