SID ASSESSMENT PAYMENTS

Post date: Jul 19, 2011 11:23:38 PM

TO CLARIFY SOME POSSIBLE CONFUSION; THE SID ASSESSMENT 15 YEAR LOAN ACCRUES 5% SIMPLE INTEREST ON THE UNPAID PRINCIPAL BALANCE FROM THE DATE OF THE LAST PAYMENT, or August 12th, 2009 if no payments have been made. THERE IS AN ADDITIONAL 2% INTEREST ON THE UNPAID BALANCE IF THE ANNUAL PAYMENT IS DELINQUENT (NOT RECEIVED BY THE COUNTY TREASURER'S OFFICE BY AUGUST 12TH). YOU CAN PAY ANY AMOUNT OF ANNUAL PRINCIPAL PAYMENTS AT ANY TIME AND THE CURRENT "NOW DUE" INTEREST ON THE UNPAID BALANCE. YOU MUST CONTACT YOUR COUNTY TREASURER TO GET THIS PAYMENT INFORMATION.

Attached below is a recap of the previous postings and meeting information that detailed this information. Please email: SID@jlake.org if you have any questions.