Wednesday, January 23, 2013
Property taxes to rise in three city neighborhoods due to delinquent payments on vacant properties by the developers.
Yorkville officials unanimously approved an abatement of Special Service area taxes where some residents will see their property taxes increase due to delinquent tax payments on vacant properties by the developers. Rresidents in Raintree Village, Windett Ridge Homeowners Association, and Grande Reserve Central express their frustrations over the expected $120 to $300 increase in property taxes. The developers of the three subdivisions, Morgan Stanley Bank’s LLC holding company in Raintree Village, Windett Ridge LLC in Windett Ridge, and US Bank’s LLC holding company in Grande Reserve, failed to make the property tax payments this year. The county sought to sell off the property taxes, but there were no takers. When property taxes on …
Tuesday, January 22, 2013
Council meets tonight at 7 p.m. in the city council chambers.
Yorkville officials are scheduled to vote on the abatement of three controversial and complicated Special Service Areas where residents can expect to see an increase in property taxes due to of payment by the developers on vacant lots. Last week aldermen listened to residents in Raintree Village, Windett Ridge Homeowners Association, and Grande Reserve Central express their frustrations over the expected $120 to $300 increase. The developers of the three subdivisions, Morgan Stanley Bank’s LLC holding company in Raintree Village, Windett Ridge LLC in Windett Ridge, and US Bank’s LLC holding company in Grande Reserve, failed to make the property tax payments this year. Special Service Areas were created as a financing mechanism for …
Wednesday, January 16, 2013
Property taxes likely to rise in three city neighborhoods due to delinquent payments on vacant properties by the developers.
Residents of three Yorkville subdivisions expressed their frustrations over increasing property taxes due to lack of payment of Special Service Area taxes on vacant properties by neighborhood developers during a special city council meeting. Residents in Raintree Village, Windett Ridge Homeowners Association, and Grande Reserve central can expect to see their property taxes increase between $120 and $300 due to the delinquent property taxes. The developers of the three subdivisions, Morgan Stanley Bank’s LLC holding company in Raintree Village, Windett Ridge LLC in Windett Ridge, and US Bank’s LLC holding company in Grande Reserve, failed to make the property tax payments this year. County officials sought to sell off the property taxes, …
Monday, January 14, 2013
7 p.m. meeting will focus on proposed SSA abatement ordinances for Raintree Village, Windett Ridge Homeowners Association, and Grande Reserve central.
Yorkville Mayor Gary Golinski called a special meeting Tuesday night to discuss the proposed SSA abatement ordinances for Raintree Village, Windett Ridge Homeowners Association, and Grande Reserve central. This discussion will be focused on the summer 2013 SSA property taxes for those subdivisions. Council originally planned to discuss these abatements during the Jan. 8 council meeting. However the abatement ordinances were tabled after Ward 1 Alderman Carlo Colosimo, serving as Mayor Pro Tem, said residents of those communities wanted to meet in order to discuss the process. Special Service Areas were created as a financing mechanism for subdivisions to allow the cost of the infrastructure to be bonded by the cities, and for the repayment…
s.kenn
7:41 pm on Friday, May 10, 2013
So let me get a good price on a home but pay for Pasquinelli's debt they left behind and then Pasq. will go file bankruptcy and then go open up shop down the street under a different name. NICE! more ›