For Immediate Release
Lemon Bay MSBU Paving Program Survey Posted
CHARLOTTE COUNTY, Fla. (July 19, 2017) – At its July 12 public hearing on the Lemon Bay Street and Drainage Municipal Services Benefit Unit paving proposal, commissioners set a maximum rate for property owners’ assessment, but asked members of the unit to weigh in on three scenarios for retiring the debt to be incurred to fund the paving.
A survey has been posted on the county’s website asking if property owners in the unit prefer a 12-, 13- or 15-year payback of the debt. The 12-year option would result in a $202 annual assessment for occupied residential property and $222 for vacant property (including the existing maintenance assessment). The 13-year option would cost $193 annually for occupied residential property, $213 for vacant property. The 15-year option would cost $178 annually for occupied residential property, $198 for vacant property.
The longer the payback period, the more property owners would ultimately pay. The 12-year option would cost property owners $1,824, the 13-year payback would cost $1,859 and the 15-year plan would cost $1,920.
To take the survey, visit www.CharlotteCountyFL.gov and click the Lemon Bay MSBU survey banner at the top of the page. The board will discuss vote on the proposals at its first budget hearing Sept. 12 and a final decision will be made at the board’s second budget hearing Sept. 26.