Homeowners to shoulder costs of sewer work (OH)

When a new sewer system is installed in the Pheasant Run housing development over the next year, homeowners there will be responsible for helping to pay off the cost of the project, with most shouldering an assessment of $14,679.48.  That bill won’t come due immediately, Lorain County Administrator Jim Cordes said, but will instead be put on property tax bills for the next 20 to 30 years. Exactly how long hasn’t been decided yet.  If the length of time to pay back the loan is 20 years, it will mean homeowners are paying $733.97 per year. If the term is 30 years, the cost would drop to $489.32 annually.  Cordes said the cost might seem high, but it would have been far worse if the county hadn’t stepped in and agreed to run a nearly 4.5-mile-long sewage line from the 533-home subdivision to the wastewater treatment plant in LaGrange, which also will need to be upgraded and paid for with additional charges to homeowners. Cordes estimated that would amount to a 25 percent surcharge on sewers bills.   Read the article…………


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