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Elk Drive special assessment approved to fund water-line improvements; $24,000 per lot (approx.)
Summary
Council adopted Ordinance No. 26-003 levying about $575,000 in assessments for Elk Drive (just under $24,000 per lot) to finance water-line improvements; owners may prepay within 25 days or finance over 10 years with interest.
The Town Council approved Ordinance No. 26-003 on March 10, confirming the Elk Drive Special Tax Assessment Area and authorizing assessments to finance water-line improvements in that neighborhood.
Town Manager Bret Howser said the Elk Drive SAA follows the same Board of Equalization process used for Unit 3; the Elk Drive assessment totals roughly $575,000, with per-lot assessments just under $24,000. As with Unit 3, property owners can pay the assessment in full within 25 days without interest or pay over 10 years with interest through bonds.
Motion: Council Member Duane Nyen moved to adopt Ordinance No. 26-003; Council Member Logan Cruz seconded. Action: Motion carried 4-0-0.
Financial impact: approximately $575,000 in assessments distributed among Elk Drive lots according to town policy; funds will support water reliability and fire protection improvements.
