Apologies we did not send a news flash yesterday - we wanted to make sure the information was complete and accurate. It would be challenging to find a more robust lake level special assessment roll than that of the Four Lakes Special Assessment District (FL SAD). Developed with extensive public feedback and many property owner reviews, the FL SAD has a diverse property configuration across 6,000 property owners in 80+ subdivisions and neighborhoods spanning nine townships and a village.
The benefits of thetop 10% of residential properties are 10-25 times higher than the lowest property. Private companies, the DNR and public parks pay for 3% of the Capital Assessment. The State of Michigan is covering over 40% of the project costs.
We understand the costs to restore the lakes are greater than the 2022 estimate as are the assessments that are needed for financing the completion of the project. We remain focused on containing and reducing these costs and seeking new grants, helping those with a low or fixed income, and ensuring that everyone who directly uses the lakes contributes to the assessment.
President, Four Lakes Task Force
Assessment Rolls Updated
Spicer Group updated the Special Assessment District map and the FLTF-approved Capital and Operations & Maintenance assessment rolls. These changes were made as a result of input received prior to and during the Special Assessment Public Hearing on January 15, 2024. The changes mostly impacted typical front lots and backlots.
The summary table was updated from last week by adding a column to show the principal commitment of the Capital Assessment by property type.
Note: This table reflects what will be presented to the counties for approval, however there may be still be small variations leading up to February 6th.
Sanford Lake Park in Midland was added to the FL SAD
Many backlots have a lower derived benefit based on the quality of access points
The derived benefit for some residential properties changed based on the ability to develop the property
Since the allocation must be 100%, when a property's assessment amount rises or lowers, it changes the assessment on all properties. For example, benefit factors on backlots were lowered for some parcels, causing typical lakefront parcels to increase by 3%.
The Gladwin and Midland county boards of commissioners will meet for a joint session to review and vote on the computation of costs and special assessment rolls for the FL SAD. A majority vote in favor of the costs and rolls is required for it to pass.
Four Lakes Task Force
233 Larkin Street, Midland MI 48640 United States
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