(1) Subsequent to the adoption of an ordinance forming an assessment reimbursement area the owner or owners contributing funds for the project shall agree in a signed contract for contribution of funds, construction, improvement, costs, assessment, reimbursement, administration costs, and other conditions, on a form approved by the county. The contract shall provide that the owner or owners agree to the reimbursement assessments and the assessment reimbursement area determined by the council as provided in the contract. Owner-county contracts provided for in an assessment reimbursement area ordinance shall be approved and executed on behalf of the county by the county executive.

(2) The final contract, including the assessment reimbursement area and assessment roll, shall be recorded in the county auditor’s office within 30 days of the effective date of the ordinance forming the area. If the contract is so recorded, it shall then be binding on owners of record within the assessment area who are not parties to the contract for a period not to exceed fifteen years after the contract is recorded.

(3) The engineer shall mail a copy of the contract to each owner of record of property within the assessment reimbursement area.

(4) In the event that an owner or owners who are party to a reimbursement contract sell the property the reimbursements shall be paid to said owner or owners and not their successors unless the right to the reimbursements is assigned by said owner or owners are otherwise transferred by operation of law. (Added by Ord. 87-011 § 10, Apr. 15, 1987; Amended by Amended Ord. 90-068 § 9, Nov. 14, 1990, Eff date Feb. 9, 1991; Amended by Ord. 96-028 § 83, June 12, 1996, Eff date June 29, 1996).