Council Approves SSA Abatements
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 …
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 ›