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Currently, the annual interest rate, as set by the BCC, is 3.25%. Should benefitting property owners elect <br />to finance the assessment amount in 10 annual payments, the total payments will be $9,426.28, <br />representing $7,996.72 in principal and $1,429.56 in interest. Additionally, benefiting property owners <br />have 90 days from this date to pre -pay the principal assessment amount in full. Benefitting property <br />owners who choose to finance the assessment may also pre -pay the remaining principal at any time. <br />Funding <br />Funds for this project are derived from the Assessment Fund. Assessment fund revenues are generated from <br />assessment fees paid by the benefitting property owners. <br />DESCRIPTION ACCOUNT NUMBER AMOUNT <br />Shadow Brook Water Assessment 473-169000-20529 $ 119,950.85 <br />Recommendation <br />Staff requests the Board of County Commissioners adopt Resolution IV for Shadow Brook Subdivision with a <br />per parcel cost of $7,996.72 and an interest rate of 3.25% for assessment costs. <br />List of attachments <br />1. Resolution No. IV: Final Assessment Roll <br />125 <br />