The initial billing would include a substantial amount of interest. If the uniform method of collection were used on new projects not yet created, two billing methods would continue to be in effect until the year 2003. In addition, the Board would not have the flexibility to work with the property owners to get these assessment charges paid. No monthly payment schedules would be considered under the uniform method of payment. Only one payment a year could be accepted as the levy of the assessment would be on a yearly basis.
Many property owners have their assessment charges included in their mortgage escrow account.
They simply forward the yearly bill to the mortgage company for payment. Staffs intention with the audit response is to provide the supporting evidence and all of the facts regarding the issues raised by this audit report.