SEWER ASSESSMENT PAYMENTS

Post date: Sep 11, 2009 4:22:57 PM

Everyone should have received by now the "official billing" of the sewer assessment from the respective county treasurer; which gives the Total Assessment

amount, plus the schedule, should one elect to make annual payments for 15 years and the 5% simple interest rate on the unpaid balance. Any annual payment

received after August 12th in each of the future years will be considered delinquent and subject to a 7% rate.

Any principal amount paid before October 1st, 2009 will not bear interest; however, the payment must be made in multiples of the annual payment amount. After

October 1st the UNPAID PRINCIPAL BALANCE will bear interest of 5% from August 12th. Each time a future payment is made, it must include at least one annual

payment amount and all unpaid interest now due at that time.

In the SID Document folder OR attached below, is an illustration of making several lump sum payments over the 15 year period and how the interest will be calculated. Please feel free to contact either of the County Treasurers or the SID Clerk if you have any question.