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§ 554 — Statement of cost after completion of work; reduction of assessments

Memphis Code of Ordinances (Supp. No. 33: codified through Ordinance No. 5959, enacted May 12, 2026) · Memphis Charter, art. 54, § 554

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Sec. 554. - Statement of cost after completion of work; reduction of assessments.

After the work in any improvement district shall have been completed, the City Engineer shall file with the Comptroller a statement, showing the complete and detailed cost of said work, including all of the items embraced in the estimate. If the said statement shows the cost of the work to have been less than the estimate, then the assessment on all of the property in said district shall be reduced proportionately; but if the statement shows a greater cost than the estimate, the assessment as previously made shall stand, and the excess shall be borne by the municipality.

(Priv. Acts 1923, ch. 426, § 7; Priv. Acts 1937, ch. 123, § 18)