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Benton County opts for 7‑year term, 3% interest on subdivision seal‑coat special assessment
Summary
Supervisors set the repayment term for a seal‑coat road improvement petition affecting two subdivisions at seven years with a 3% interest rate. County staff estimated the property owner share at just under $10,000 per parcel and said the county will cover half the project cost up front and assess the remainder as a special assessment.
VINTON, Iowa — The Benton County Board of Supervisors agreed to finalize terms for a seal‑coat road improvement petition covering two subdivisions, setting a seven‑year repayment term with a 3% interest rate for property owners who choose to pay in installments.
County staff explained the project timeline and financing options for petitioning property owners. The board previously received petitions with about 41 signatures from affected property owners in the two areas.…
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