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The board of assessment commissioners authorized in this chapter shall consist of no fewer than three (3) nor more than seven (7) citizens of the municipality, none of whom shall be interested in any property contained within the central business improvement district. Such members shall be not less than thirty (30) years of age and shall serve until completion of their duties. A majority of such commissioners shall constitute a quorum and be competent to perform any duty required of these commissioners; and they shall be notified of their appointment, and vacancies in their number shall be filled, by the governing body, and they shall be sworn to the faithful discharge of their duties.
The commissioners shall view each property located within the improvement district and shall:
Determine the amount of the assessment to be levied upon each such property, according to the benefit conferred by the improvements; and
Ascertain and award the amount of damages and compensation to be paid to the owners of property that is to be taken or injured by such improvements.
The board of assessment commissioners shall be reimbursed for the performance of their duties at a rate to be determined by the governing body of the municipality, and such reimbursement shall be considered a cost of the improvements and reimbursed from the special assessments as provided in this chapter.