§ 20.1001. Charge computation.

The annual charge for each parcel within a streetlight district shall be computed using the following formula:

Charge =

avp avps

×

c 2

 

Where:

avp = Current assessed value of specific parcel or property and improvements thereon.

avps = Total current assessed values of all parcels and properties and improvements thereon in the district.

c = The sum of:

(1)

The total estimated material and installation costs for all proposed new streetlights in the district, reduced by the amount of advance payments or legally binding commitments (other than the charges imposed by this subtitle of the Howard County Code) from persons or entities to pay part or all of such material or installation costs; and

(2)

The total projected operating and maintenance costs for the proposed new streetlights for a period of two years commencing with the installation of the first new streetlight in the district.

(C.B. 38, 1998)