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<br />- <br /> <br />-. <br /> <br />e <br /> <br />1-15-80 <br /> <br />A. Capital Improvement. <br /> <br />Resources from the current budget usually derived frof" <br />sales, property, and income taxes, ca~ be used to finance drainage <br />improvements. Since the~.cost is paid from tbe IIgeneral fundll or <br />IIcapital improvemeflt fundl1 and no specific property tax is levied, <br />the financing is relatively simple. <br /> <br />B. Local Improvement. <br /> <br />Financing for drainage improvements through local <br />improvements or as part of a general bond issue require that all <br />property be assessed on a valuation basis. Since a majority of <br />all taxpaying electors must approve, the success of this method <br />usually turns on how well the facts (needs) have been prepared <br />and how good a plan has been developed. <br /> <br />C. Special Improvement. <br /> <br />When drainage improvements are financed as special <br />improvements, the property assessed must be specially benefited. <br />In Colorado, benefits, for purposes of special assessments, are <br />defined in several statutory sections. (See C.R.S. ~~30-20-513, <br />30-20-606, 31-25-507, afld 37-23-101.5). For example, ~37-23-101.5 <br />provides: <br /> <br />I'Determination of special benefits - factors <br />considered. (1) The term 'benefit', for the <br />purposes of assessing a particular property <br />within a drainage system improvement district, <br />includes, but is not limited to, the following: <br /> <br />11 (a) Any increa se in the ma rket va lue of the <br />property; <br /> <br />11 (b) The prov~s~on for accepting the b_lrden fron, <br />specific cominant property for discharging surface <br />water onto servient property in a manner or quantity <br />greater than would naturally flow because the domi- <br />nent owner made some of his property impermeable; <br /> <br />II (c) Any adaptability of property to a superior <br />or more profitable use; <br /> <br />(13 ) <br />