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Ownsby Farms PID Phase #1 – 60 FT Information Packet – 2022-23.pdf

Ownsby-Farms-Phase-1-Complete-Packet-LT-1-60-Ft-v1.1.pdf
Preview of Ownsby Farms PID Phase #1 – 60 FT Information Packet – 2022-23
🔗 Source: municap.com
📊 Size: 248 KB
👤 Author: Abdi Yassin
⬇️ Downloads: 113

Summary

The Ownsby Farms Public Improvement District was created in 2015 to finance public improvements that benefit assessed property in the district. The district issued $4,465,000 in bonds to finance the improvements, and property owners can pay their assessments in full or in annual installments. The assessments are a first and prior lien against the property, and failure to pay can result in foreclosure. The annual installments will vary from year to year, and property owners can obtain more information from the City of Celina or the district administrator, MuniCap, Inc.

For a specific Lot Type 1 (60 Ft Lot), the outstanding assessment is $29,469, and the annual installments range from $2,601 in 2022 to $2,604 in 2041. The installments include bond principal, bond interest, reimbursement agreement principal, reimbursement agreement interest, and administrative expenses.

Property owners are obligated to pay the assessments, and failure to do so can result in penalties, interest, and foreclosure. The notice of obligation to pay the public improvement district assessment must be acknowledged by the purchaser before the effective date of a binding contract for the purchase of the real property.

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Description

The Ownsby Farms Public Improvement District was created in 2015 to finance public improvements that benefit assessed property in the district.

Technical Information

  • File Format: PDF
  • File Size: 248 KB
  • Pages: 5
  • Language: EN
  • Author: Abdi Yassin
  • Total Downloads: 113
  • Last Updated: 2 months ago

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This PDF document about Ownsby Farms PID Phase #1 – 60 FT Information Packet – 2022-23 provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Ownsby Farms PID Phase #1 – 60 FT Information Packet – 2022-23.

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