HPP Special Assessment Proposal

[JerryCarr]

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Originally posted by Kahunascott

quote:

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Originally posted by Seeb

so with the 10% a year plus the 500, at year 5 it's $926 to live on the same dirt road i got now

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This years budget is based of 5% increase and we will see if we can lower it in the future. The $500 would put you on a paved road.

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Scott, it's $500 per year for five years, so that would cost $2500 plus the regular fees. If you're going to join this discussion, please answer some questions:

1. Can you absolutely guarantee that Seeb will get a paved road for his $2500?

2. The current delinquency rate for the established fees runs 12-15%. Paving all the roads for $20 million is based on everyone paying all the assessment. What would adding $500 per year do to that delinquency rate?

3. Are you and the BOD prepared to foreclose on what will likely be hundreds of homeowners who can't pay the assessment?

Forgive me for being blunt, but these questions need to be answered.