The special assessment district will still be utilized as a financial back stop on some of the long-term bonding in order to secure better terms. Sales taxes, not special assessments, will be utilized to pay the annual payments.
The goal of extending the flood-protection related sales taxes is to avoid any special assessments being paid by property owners.
- Diversion Authority Reviews Updated Costs; Project Costs Including Plan B Expected to be $2.75 Billion — December 3, 2018
- Project Status and What’s Next — April 29, 2019
- Project Update – May 2019 — May 31, 2019
- Mitigation Plan — August 13, 2018