05-05-2019, 01:28 PM
The waste water treatment plant is going to be built and paid for by Shipman.
Yes, initially.
The developer will pay for the treatment plant, roads, etc so they may convert their low value ag land into high value residential properties. Lots in the subdivision will then be sold at a price which includes the cost of the water treatment plant, roads, etc, so in the end the average guy buying the property will pay for those improvements. They’ll pay for it twice in fact, because when s/he receive their tax bill the assessment will include the portion paid for a treatment plant, roads, etc. and they’ll be taxed accordingly.
Yes, initially.
The developer will pay for the treatment plant, roads, etc so they may convert their low value ag land into high value residential properties. Lots in the subdivision will then be sold at a price which includes the cost of the water treatment plant, roads, etc, so in the end the average guy buying the property will pay for those improvements. They’ll pay for it twice in fact, because when s/he receive their tax bill the assessment will include the portion paid for a treatment plant, roads, etc. and they’ll be taxed accordingly.
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