Ocean Shores News: Street LID Update ~ January 21, 2011

OCEAN SHORES NEWS

Ocean Shores Street LID Update

January 21, 2011 ~ As of this date, there are 4,910 Ocean Shores parcels that have paid off the Street LID in full. This is out of the 13,232 total assessed parcels in Ocean Shores. So, approximately 37% of Ocean Shores parcels have paid off the Street LID.

Also, the City did sell the bonds and property owners with a remaining balance will be charged 7.25% annual interest on the unpaid amount. The first payment is reportedly due in November 2011 and will be paid each subsequent November for the next 18 years. Any property ownercan payoff the full amount at anytime with no pre-payment penalty.

You can see the full story about the Ocean Shores Street LID on my web site at www.OceanShoresInfo.com/news/streetLID.html