SAD map updated + assessment info


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May 13, 2025

Special Assessment Map Updated

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The online Special Assessment District map was recently updated to be consistent with current tax records provided by the counties this month. Changes to the map were made to property owner names to reflect changes in ownership and parcels were adjusted for splits and combinations. The Four Lakes SAD assessment apportionment percentage, as approved by Gladwin and Midland counties, DID NOT change. Combination requests submitted to the townships before February 5^th, 2024, are now treated as one property.

Going forward (post-February 5^th, 2024), if two or more properties are combined, the total apportionment of the two properties will be applied to the remaining properties. If a property is split, its apportionment will be spread to the other properties. It is a “zero-sum” exercise; the total apportionment in a combination or split stays the same.

Special Assessments Will Appear on Winter 2025 Tax Bill

In case you missed the public information webinar on 4/23/25, we wanted to share some key takeaways.

Operations & Maintenace (O&M) Assessment

The 2025-2029 O&M Assessment, approved by the counties in February 2024, will appear on your winter 2025 tax bill. See your annual O&M assessment amount on the Special Assessment District map here.

Capital Assessment

The 2025-2065 Capital Assessment is in place as approved by the counties in February 2024. The first Capital Assessment payment will appear on your winter 2025 tax bill.

FLTF plans to issue two bond series to secure financing for the project. The first series of bonds will be issued in June 2025 for $80 million. The second bond series will be issued in the summer of 2026 for the remaining project costs.

To understand what your estimated annual Capital Assessment payment will be, visit the Special Assessment District map here. Because of the bond structure, the line called "Annual Capital Assessment Payment Estimate" in your parcel pop-up on the map is NOT what your 2025 Capital Assessment payment will be. This year's payment will be approximately 60% of that number. To estimate this year's Capital Assessment payment plus interest, multiply the number by 0.6.

The Annual Capital Assessment Payment Estimate shown on the map reflects your expected average annual payment for years 2026-2065.

We will send a letter in July with information about your 2025 Capital Assessment amount and update the map at that time with the 2025 assessment as well.

The assessment map is updated and includes your estimated 2025 Operations & Maintenance Assessment and 2026-2065 Annual Capital Assessment payment amount for those years.

View Map

View 4/23 Presentation

Register for July 9 Webinar

Join us for the next webinar on July 9, 2025. We will review the financing and bond information as well as the plans to restart construction. Click the button below to register.

Expect a Letter in the Mail

Capital Assessment Prepayment due July 1

The assessment roll is final, and property owners have the option to prepay all or a portion of their total Capital Assessment to avoid/reduce interest charges by July 1, 2025. Property owners are not required to prepay their special assessment and may instead make annual payments, including interest.

Property owners will receive a letter in the mail in the coming week regarding prepayment. You can also visit the prepayment webpage.

Prepayment Information

233 Larkin Street, Midland
MI 48640 United States

info@fourlakestaskforce.org

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