Active/Established MSBUs

Construction - Bel-aire Hills

Current Status

Assessment installment payments are collected annually via property tax bills.  Financing charges are assigned on an annual basis. 

An assessment balance may be paid in full at any time without penalty.  A Satisfaction of Lien document will be issued by the MSBU Program whenever an assessment balance is paid in full. 

The final installment will be billed in tax year 2021 (unless assessment balance is paid in full sooner).  Refer to Payoff Schedule table for details.  The leasehold and easement agreements required in support of the MSBU are active through 2021.

Background History

A community-based application requesting creation of this MSBU was received in 2009.  The leasehold/easement agreements required in support of the MSBU were recorded in 2011. 

The petition process demonstrated a community-wide support of 71%.  The requested MSBU was created in 2011 by the Board of County Commissioners following a public hearing, and equitable assessment liens (based on project cost estimates) were filed against all benefitted property. 

The construction phase of the project was completed in 2012. 

Final assessment amounts (based on actual project cost) were established as $1,529.00 for wall-abutting properties and $1,223.00 for other benefited property. 

When the final assessment amount was established, property owners were given the option of paying the assessments in full or paying the assessment in equal installments over a 10 year period. 

Installment billing was initiated via the 2012 property tax bill.  For financing details, refer to governing ordinance document and/or payoff schedule table.