A BILL TO BE ENTITLED AN ACT ADDING CERTAIN DESCRIBED PROPERTY TO THE CORPORATE LIMITS OF THE VILLAGE OF PINEHURST AND AUTHORIZING THE VILLAGE TO LEVY SPECIAL ASSESSMENTS TO MEET THE COST OF CONSTRUCTION OF A STORMWATER MANAGEMENT SYSTEM TO SERVE THE PROPERTY ADDED.
Adds described property to the Village of Pinehurst's corporate limits.
Allows the Village Council, after annexing the described property and dedicating the existing roads in the proeprty, to levy special assessments on the property owners to meet the cost of a stormwater management system. Limits the amount levied to 66 percent of the full cost of constructing the system. Specifies further information concerning the effective date of the assessment, levy of the assessment, and notice of the assessment. Allows the Village Council to give owners of assessed property the option of paying either in cash or in installments, but limits the installment period to five years from the date that the assesment roll is confirmed. Provides that installment payments must be interest free.
Effective June 30, 2014.
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