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<br /> <br />Financing Assessments <br />One Time Assessment Notice Sent in May 2016 <br /> <br />Assessments Paid Over 15-Yr Period <br /> <br /> Option Deadline <br />1.Pay-off full Assessment Nov. 29, 2016 <br /> to avoid interest Nov. 29, (every year after) <br /> <br />2.Partial Payment Nov. 29, 2016 (1st year) <br /> <br />3.Apply direct to Property Automatic if above <br /> Tax options are not exercised <br /> <br /> - If Applied to Taxes....15 Year Payback..2% over the True Interest Cost <br /> (Not known until bonds are sold) <br /> <br /> - Assessment deferral? Contact the City Finance Director <br />40