Villas Update: Annual Payments

Turns out the Villas homeowners do have two options for paying the road conversion assessment. If you choose not to pay the lump sum as billed, the city will convert you to annual payments over 10 years that will accrue interest at the rate of 9% per year and will be due annually August 5th. It does seem strange that the city would not have mentioned this in your bill, but thanks to our Secretary for researching this. You may want to call in to the city to confirm.

villas_payment_terms.pdf
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