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Silverstone Estates certified for periodic maintenance assessment of $50 per lot
Summary
Doc #26-038 certified a $50/unit periodic maintenance assessment for 59 Silverstone Estates lots (annual $2,950); total certified sections $7,750 with an eight-year high balance of $62,000. ACSO recommended approval and the board approved.
The Drainage Board approved certification of periodic maintenance assessments for Silverstone Estates (Doc #26-038). The petition, represented by North Eastern Development Corp. (Jim Morlan), requested $50 per lot for 59 lots, producing an annual collection of $2,950. Total certified sections were listed at $7,750 with an eight-year high balance of $62,000. The board approved ACSO's recommendation (motion by Ron Turpin; second by Rich Beck).
The certification formalizes the maintenance collection for the Silverstone Drain and provides an anticipated reserve balance to fund periodic upkeep and repairs. Staff will record the certification and apply the assessment to billed lots as directed.
