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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more
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 … Read more