Benefits received basis definition
Benefits received basis means the apportionment of the applicable costs according to an equitable determination by the legislative body of the municipality of the special benefit received by the individual parcel of property from the public facility, taking into account assessed value basis, square foot basis, or any combination thereof, and may include consideration of assessed value of land only, graduation for different classes of property based on the nature of such property, including amount of frontage on public streets, and the extent of any special benefits received.
Benefits received basis means the apportionment of the applicable costs according to an equitable determination by the legislative body of the municipality of the special benefit received by the individual parcel of property from the public facility, taking into account any of the following factors: square footage of parcels and/or anticipated improvements, front footage, assessed value, type of use, business classification, property location, zones of benefit or a combination of such factors;