The total planning estimate to restore the dams is $250 million. The Operations Assessment will begin in December of 2022. Of the 8,422 parcels in the Four Lakes Special Assessment District, approximately 91% of properties have an annual Operations Assessment of less than $240.
Thanks to a $200 million appropriation from the State of Michigan, the estimated Capital Assessment is significantly lower than originally anticipated. We estimate that approximately 92% of properties will have an annual Capital Assessment of less than $460.
The Capital Assessment will begin in 2024 for payment in 2025. The methodology for calculating property benefits is the same as what's used for the Operations Assessment.
Estimated numbers in the graphic above are subject to change +/- 30%.
UPDATES SENT TO YOUR INBOX
Fill out this form to subscribe to receive news and updates.
Please select why you're interested in receiving updates.
You have successfully joined our subscriber list.