Hearst Media Services, NOTICE OF DUE DATE OF BENEFIT ASSESSMENTS OF THE HARBOR POINT INFRASTRUCTURE IMPROVEMENT DISTRICT FOR THE 2015-16 ASSESSMENT YEAR At a Special Meeting of the Harbor Point Infrastructure Improvement District (the "District"), on Monday, June 15, 2015, the District's Board of Directors voted to approve a "Resolution Approving the Annual Assessment Report and Amendment of the Assessment Roll for the Collection of Assessments for the 2015-2016 Assessment Year" (the "Resolution"). Pursuant to the Resolution, the benefit assessments shall be due and payable on July 1, 2015 and January 1, 2016. Assessments unpaid after thirty (30) days shall become delinquent and are subject to interest. The total amount of benefit assessments to be levied was filed with the District Clerk on June 16, 2015 and any appeals from such benefit assessments must be taken within twenty-one (21) days after such filing. Any person aggrieved by any benefit assessment may appeal to the Superior Court in accordance with Section 6.4 of the District's Bylaws. A copy of the Annual Assessment Report and Amendment of the Assessment Roll for the Collection of Assessments for the 2015-2016 Assessment Year and the District's Bylaws are on file with the District Clerk and are available for public inspection during normal business hours. Paul Kuehner, President Harbor Point Infrastructure Improvement District Annual Revenue Requirement 2015-2016 Assessment Year Debt Service Interest payment on October 1, 2015 $5,910,806 Interest payment on April 1, 2016 $5,910,806 Principal payment on April 1, 2016 $1,160,000 Total debt service $12,981,613 Administrative expenses $115,000 Contingency $195,718 Sub-total expenses $13,292,330 Tax increment payment on September 15, 2015 ($2,698,564) Tax increment payment on March 15, 2016 ($3,662,676) Estimated annual Series 2010A Reserve Fund investment income ( $20,640) Estimated annual Series 2010B Reserve Fund investment income ($2,560) Interest subsidy payment ($834,300) Surplus from prior year ($268,591) Sub-total available funds ($7,487,330) Annual Revenue Requirement for 2015 $5,805,000
↧