Wells South PID – NIA #3 – 70 FT Information Packet – 2022-23.pdf

Wells-South-PID-NIA-3-Complete-Packet-70-FT-2022-23.pdf
Preview of Wells South PID – NIA #3 – 70 FT Information Packet – 2022-23
🔗 Source: municap.com
📊 Size: 199 KB
👤 Author: Abdi Yassin
⬇️ Downloads: 121

Summary

The Wells South Public Improvement District was created in 2015 to benefit properties in the extraterritorial jurisdiction of the City of Celina, which will be annexed into the city. A Service and Assessment Plan was approved, setting forth the plan for apportioning costs of public improvement projects to be assessed against properties in the district. The City issued Special Assessment Revenue Bonds in 2015 and 2020 to finance the costs of the improvements. Property owners in Neighborhood Improvement Area #3 are subject to repay a prorated share of the bonds, with assessments payable in annual installments. Failure to pay the assessments may result in foreclosure of the property. The notice of obligation to pay the assessment is provided to purchasers of properties in the district, and the exact amount of the assessment and annual installments can be obtained from the City or the District Administrator, MuniCap, Inc. The outstanding assessment for a 70 FT lot is $21,352, with annual installments ranging from $1,744 to $1,752 from 2022 to 2040.

Description

The Wells South Public Improvement District was created in 2015 to benefit properties in the extraterritorial jurisdiction of the City of Celina, which will be...

Technical Information

  • File Format: PDF
  • File Size: 199 KB
  • Pages: 5
  • Language: EN
  • Author: Abdi Yassin
  • Total Downloads: 121
  • Last Updated: 4 days ago

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