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Emerson Park homeowners to be assessed for $2.85M road project; city to facilitate financing
Summary
Commission approved final special‑assessment and funding agreements for Emerson Park road improvements; estimated assessed cost about $2.85M with an HOA cash contribution and roughly $591 annual assessment per dwelling amortized over 15 years at 5%, collection beginning on the November tax bill.
The Apopka City Commission approved two resolutions on April 16 to finance and facilitate road improvements in the Emerson Park subdivision through a special assessment program.
Bond counsel and staff described a conservative cost estimate — construction of about $2.02 million plus contingency and financing costs — producing an assessed cost estimate near $2.85 million. The HOA agreed to contribute roughly $210,000 in cash; the remaining balance will be financed via a bank loan the city will…
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