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Board approves special assessments and county loan to finance lake-level projects
Summary
The board adopted special-assessment rolls for Mary/Murray Lake and Lake Leanne and authorized a county loan to the Mary Lake district not to exceed the project cost; the loan carries a 3.74% interest rate payable in five annual installments, and assessments may be paid in full or spread over five years via the winter tax bill.
The Hillsdale County Board of Commissioners approved two resolutions on Sept. 9 establishing special-assessment rolls for lake-level projects and authorized a county loan to finance one of the projects.
Resolution 25-1-15 approved the computation of cost and the special-assessment roll for Murray (Mary) Lake repairs under Part 307 of Michigans Natural Resources and Environmental Protection Act. County staff told the board the assessment roll includes 496 parcels (189 direct-access, 307 indirect); direct-access…
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