Posts Tagged ‘special assessments’

Levying Special Assessments to Fund Public Infrastructure

Wednesday, November 26th, 2014

As I detailed in a previous post, among the funding options available to local units for capital projects are special assessments. Special assessments are charges levied on a subset of real properties located within a county or municipality to fund public infrastructure projects that directly benefit those properties. As such, special assessments are a form of […]

Special Assessments for Economic Development Projects

Thursday, October 31st, 2013

Tonald Drump, a national real estate tycoon, is interested in developing an area in Frugal Village, NC. His proposal includes mixed-use residential and commercial development, located just outside the village’s downtown. Drump is an experienced developer and knows that adequate public infrastructure is essential to a successful development project. In particular, he wants to ensure that […]

Financing Capital Projects–Part II: Special Levies

Tuesday, January 29th, 2013

UPDATE AUGUST 2013: The General Assembly extended the authority for the Newer Special Assessment Method. It was set to expire on July 1, 2013. It is now set to expire on July 1, 2015. The legislature also made a few important changes to the Newer Special Assessment authority. See S.L. 2013-371. Blight City has fallen […]

What is the Statute of Limitations for Special Assessments?

Friday, October 28th, 2011

Assume that in 2000 Blue Devil City levies a special assessment on the 100 residents of Coach K Way to pay for an extension of city sewer and water service along that road.  The city provides documentation of the assessment to Carolina County, which by contract collects the city’s taxes and assessments.  Unfortunately this documentation […]

Authorized Local Government Financing Programs for Energy Efficiency Improvements and Distributed Generation Renewable Energy Sources on Private Property

Thursday, November 19th, 2009

Update April 2010. For a more detailed review of this issue see the following article: Addressing Climate Change Locally: North Carolina Local Government Financing Programs for Private Energy Efficiency Projects. Local governments across the country are becoming increasingly involved in promoting, facilitating, and even funding private efforts to reduce greenhouse gas emissions in response to […]

New Special Assessment Authority for Local Governments

Monday, September 14th, 2009

UPDATE August 2013: For more detailed information about special assessment authority in North Carolina, click here. Note also that the General Assembly extended the sunset on the new special assessment authority to July 1, 2015. It also made a few modifications to that authority. See S.L. 2013-371. For years, North Carolina counties and municipalities have […]