South DaCola

Will the Prairie Meadows residents be able to afford annexation?

These numbers seem at bit daunting when it comes to cost of the annexation (DOC: PrairieMeadowsAnnex;
 Distributed on an individual lot basis per front foot.
 Sanitary Sewer – 3% for 20 years
 Water Main – 3% for 20 years
 Storm Sewer and Curb and Gutter – 3% for 20 years
 Surfacing, Sidewalk & Lights – 5.75% for 20 years
While the 3% interest rate doesn’t look to bad, the almost 6% rate seems a little high, especially for a neighborhood that may not NEED sidewalk and street lights. I will be interesting to see how this plays out.
Exit mobile version