Nevada § 271.3695 - Special assessment for extraordinary maintenance, repair and improvement of project located in redevelopment area in certain counties

§ 271.3695. Special assessment for extraordinary maintenance, repair and improvement of project located in redevelopment area in certain counties

1. In a county whose population is 100,000 or more, on or before June 30 of each year

after the levy of an assessment within an improvement district located in a redevelopment

area selected pursuant to NRS 279.524 to pay, in whole or in part, the costs and expenses of constructing or substantially

reconstructing a project, the governing body may prepare and approve an estimate of

the expenditures required during the ensuing year for the extraordinary maintenance,

repair and improvement of the project. 2. The governing body may adopt a resolution, after a public hearing, determining

to levy and collect in any year upon and against all of the assessable property within

the district a special assessment sufficient to raise a sum of money not to exceed

the amount estimated pursuant to subsection 1 for the extraordinary maintenance, repair

and improvement of the project. Notice of the hearing must be given, and the hearing conducted, in the manner specified

in NRS 271.305 . 3. The special assessment must be levied, collected and enforced at the same time,

in the same manner, by the same officers and with the same interest and penalties

as other special assessments levied pursuant to this chapter. The proceeds of the assessment must be placed in a separate fund of the municipality

and expended only for the extraordinary maintenance, repair or improvement of the

project. 4. As used in this section, “ extraordinary maintenance, repair and improvement ” includes all expenses ordinarily incurred not more than once every 5 years to keep

the project in a fit operating condition. Expenses which are ordinarily incurred more than once every 5 years may be included

only if the governing body expressly finds that the expenses must be incurred in order

to maintain the level of benefit to the assessed parcels and that the level of benefit

would otherwise decline more rapidly than usual because of special circumstances relating

to the project for which the assessment is levied, including its use, location or

operation and other circumstances. If the governing body makes such a finding, a statement of that finding must be

included in the notice given pursuant to subsection 2.