Landscaping [Medians] Assessment District
There were many questions about the Landscape Assessment District that was approved by voters in 2011. The following information should answer many of those questions.
This is a question that you might want to take up with your financial advisor. Basically, you are comparing a one-time payment of $448.48 (Option A) against an annual payment of $46 for the life of the 30-year bonds (Option B) which would add up to $1,380 over that 30-year period (principal + interest). It would be a similar decision you might make when contemplating a loan or a mortgage
Since the notices only just arrived (they were postmarked July 13) regarding the pre-payment option with a deadline of July 22, can the City extend the time to pay it?
How was the annual amount of $46 per Equivalent Benefit Unit (EBU) for the Capital Improvement portion of this project determined?
If I elect to not prepay the bonded Capital Improvement portion and sell my house before it is paid off, does it get included in the property taxes for the new owners?