(1) The term "benefit", for the purposes of assessing a particular property within an improvement district, particularly with respect to drainage improvements to carry off surface waters, includes, but is not limited to, the following:
Any increase in the market value of the property;
The provision for accepting the burden from specific dominant property for discharging surface water onto servient property in a manner or quantity greater than would naturally flow because the dominant owner made some of his property impermeable;
Any adaptability of property to a superior or more profitable use;
Any alleviation of health and sanitation hazards accruing to particular property oraccruing to public property in the improvement district if the provision of health and sanitation is paid for wholly or partially out of funds derived from taxation of property owners of the improvement district;
Any reduction in the maintenance costs of particular property or accruing to publicproperty in the improvement district if the maintenance of the public property is paid for wholly or partially out of funds derived from taxation of property owners of the improvement district;
Any increase in convenience or reduction in inconvenience accruing to particularproperty owners, including the facilitation of access to and travel over streets, roads, and highways;
Recreational improvements accruing to particular property owners as a direct resultof drainage improvement.
(2) As used in connection with any district formed for the purpose of encouraging, accommodating, and financing improvements as authorized in section 30-20-603 (11.5), the term "benefit" shall include, but not be limited to, any acknowledged value set forth in the contracts and agreements entered into by the owner of the assessed property.
Source: L. 75: Entire section added, p. 997, § 2, effective July 1. L. 2008: (2) added, p. 1297, § 13, effective May 27.
Editor's note: This section was originally numbered as § 30-20-605.5 in C.R.S. 1973 but was renumbered on revision in the 1977 replacement volume for ease of location.