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Residents petition county to issue bonds for subdivision road upgrade

Residents petition county to issue bonds for subdivision road upgrade

August 7th, 2013 in News

The Callaway County Commission is working with a group of about 50 Hunters Creek Subdivision residents northwest of Holts Summit who want to create a Neighborhood Improvement District in order to bring the subdivision's road up to county standards.

Subdivision residents need to find a way to finance an upgrade of the private road to county standards before the county can agree to begin maintaining the road.

The cost of upgrading the road, which is more than one mile long, to meet county standards has been estimated by engineers hired by the residents at $678,000.

To raise the money, Hunters Creek Subdivision residents have petitioned the Callaway County Commission for permission to create a Neighborhood Improvement District that would levy assessments against the property owners in the subdivision.

Doc Kritzer, Callaway County western district commissioner, said if the county approves a petition creating a Neighborhood Improvement District (NID), the county would back a bond to finance the project.

In turn, provisions of the NID require property liens to be placed by the county against each property owner in the subdivision. A special assessment would be imposed each year on the property owners until the bond for the road project is paid in full.