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The assessment roll is final, and you may pay off the full principal or a portion of the principal at any time to reduce future assessment payments. Property owners are not required to prepay their special assessment and may make annual payments, including interest.
After the news of the Michigan Court of Appeals opinion affirming the decision of the Midland Circuit Court ruling, there have been several questions and comments where a few facts need to be clarified.
Related to assessments... 82% of residential parcels in the Four Lakes Special Assessment District have an estimated annual capital assessment that falls between $1,200-$2,500. Today, the Michigan Court of Appeals affirmed the decision of Midland Circuit Court denying Heron Cove Association’s (HCA) appeal of the special assessments rolls for the restoration and maintenance of the Four Lakes normal (legal) lake levels. In its opinion, the Michigan Court of Appeals stated, “The fundamental facts of this case are largely indisputable.” The opinion cites the Court of Appeals’ reasons for denying the appeal which can be read here.
We received many questions during the webinar and did our best to answer as many as possible. Please review the special assessment FAQ page where many questions are addressed.
There are some questions, no matter how many times they are asked or stated, that the answer won’t change. Spicer Group updated the Special Assessment District map and the FLTF-approved Capital and Operations & Maintenance assessment rolls. These changes were made as a result of input received prior to and during the Special Assessment Public Hearing on January 15, 2024. The changes mostly impacted typical front lots and backlots.
Before the January 15, 2024, public hearing property owners are invited to ask an engineer about their assessment costs. Click the button below to learn more or sign up for a 15-minute one-on-one online meeting with an engineer.
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