04-26-2017, 06:10 PM
Assuming that County "management" of private roads wouldn't violate the precious County Code:
Hawaiian Acres has "about" 74 miles of roads.
Similar road pavement projects are quoted at $1M/mile.
Payments on $74M (20 years, 7%) are $7.25M/year.
$7.25M/4006 lots = about $1800/year.
Realistic?
Side effect: property on a paved road is worth more, so property taxes go up too...
Hawaiian Acres has "about" 74 miles of roads.
Similar road pavement projects are quoted at $1M/mile.
Payments on $74M (20 years, 7%) are $7.25M/year.
$7.25M/4006 lots = about $1800/year.
Realistic?
Side effect: property on a paved road is worth more, so property taxes go up too...