Section 278. Definitions

For  purposes  of  this article the following
  definitions shall apply:
    1. the term "board of supervisors" shall be  deemed  to  mean  "county
  legislature" in those counties having county legislatures;
    2.  the term "typical property" shall mean a benefited property having
  an assessed value that approximates the assessed value of  the  mode  of
  the benefited properties situated in the district or extension that will
  be required to finance the cost of the proposed improvements;
    3.  the  term  "typical one or two family home" shall mean a benefited
  property improved by a one or two family dwelling and having an assessed
  value that approximates the assessed value of the mode of the  benefited
  properties  improved  by  one  or  two  family dwellings situated in the
  district or extension that will be required to finance the cost  of  the
  proposed improvement;
    4.  the  terms  "cost  of  the  district  or  extension to the typical
  property" and "cost of the district or extension to the typical  one  or
  two  family  home"  shall  mean the amount that it is estimated that the
  owner of such  a  typical  property  or  home  within  the  district  or
  extension  will  be  required  to  pay  for  debt service, operation and
  maintenance and other charges, such as  user  charges,  related  to  the
  improvements  in  the  first year following formation of the district or
  extension or, if greater, in the first year in which both principal  and
  interest on any indebtedness and operation and maintenance costs will be
  paid;
    5.  the  term  "mode" shall mean, in connection with assessed value of
  property, the most frequently occurring assessed value as shown  on  the
  latest completed final assessment roll.