PUBLIC NOTICE

Phase 1 and Phase 2 Sewer Special Assessment Payment Options

Phase 1 Special Assessment Payment Options

On June 4, 2024, the Tuscarora Township Board of Trustees confirmed the special assessment roll for the Residential Sewer Phase 1 Special Assessment District. The amount of the special assessment per REU is $17,063.73 You have two options for payment of the special assessment.

Option One: Payment of the Entire Assessment Amount

You may pay the entire amount of the special assessment at any time. You will be charged interest from July 1, 2024 to the date of payment at the rate of 2.75% per annum (1% over the average rate of interest on the bonds issued by the Township for the project).

Option Two: Payment in Annual Installments

You may pay the special assessment in forty (40) annual installments. Interest will begin to accrue on the outstanding special assessment on July 1, 2024. The first installment (equal to 1/40th of the amount assessed plus accrued interest from July 1, 2024, through November 30, 2024) will be billed on December 1, 2024 in the amount of $622.12 per REU unless you prepay the entire special assessment. The second and future installments will equal 1/40th of your assessment plus interest and will be billed on December 1 of subsequent years.

Phase 2 Special Assessment Payment Options

On July 18, 2024, the Tuscarora Township Board of Trustees confirmed the special assessment roll for the Residential Sewer Phase II Special Assessment District. The amount of the special assessment of your property per REU is $17,968.75. You have two options for payment of the special assessment.

Option One: Payment of the Entire Assessment Amount

You may pay the entire amount of the special assessment at any time. You will be charged interest from September 1, 2024 to the date of payment at the rate of 3.00% per annum (1% over the average rate of interest on the bonds to be issued by the Township for the project).

Option Two: Payment in Annual Installments

You may pay the special assessment in forty (40) annual installments. Interest will begin to accrue on the outstanding special assessment on September 1, 2024. The first installment (equal to 1/40th of the amount assessed plus accrued interest from September 1, 2024 through November 30, 2024) will be billed on December 1, 2024 in the amount of $583.98 unless you prepay the entire special assessment. The second and future installments will equal 1/40th of your assessment plus interest and will be billed on December 1 of subsequent years.

NOTE

You may pay the entire amount of the special assessment at any time. If you pay the entire remaining amount of the special assessment after you have paid one or more installments, then the payoff amount will be equal to the unpaid special assessment balance plus accrued interest to the date of payment.