Samish River Park
LOCAL UTILITY DISTRICT NO. 30
THIS PRESENTATION IS FOR
REPRESENTATIVE PURPOSES ONLY AND ALL
DATES AND NUMERICAL REFERENCES
SHOULD NOT BE CONSIDERED AS FINAL
AND MAY BE MODIFIED.
What topics will be
presented?
Annual Payments
Payment Options
Billing and Payment Procedures
LUD attributes
Miscellaneous
What are the Estimated
Assessments, Term, &
Interest rate?
Estimated Assessments
vary from:
$3,557.00 – $3,975.00
Estimated Interest Rate:
6.00%
Estimated Term:
20 Years
What are the Estimated
Annual Payments?
Annual Installment Expressed as
Dollars Per Thousand Financed,
Based upon Interest Estimate
$87.18
If $3,557.00 is Financed, then
the Estimated Annual Installment is
Equal to $87.18 x 3.557 = $310.12
What are the total of
payments?
Based upon the Estimated Assessment Amount and
Interest Rate:
Total Principal Paid (20 Years)
$3,557.00
Total Interest Paid (20 Years)
$2,645.27
_________
Total Principal + Interest Paid
$6,202.27
This schedule is for estimation purposes only. Actual payment
amounts will be established at the time of the Final Assessment Roll
Adoption.
LUD Billing and
Payment Procedures
After recording of the Final Assessment
Roll at the Skagit County Auditor’s
Office, Skagit PUD Treasurer sends
Collection Notice by First Class Mail and
publishes Notice in Newspaper
Payment Options
When collection notice is published and mailed:
Full assessment paid within 30 days= No interest
Partial assessment paid within 30 days= Balance is
paid over equal annual installments including
interest
Nothing paid within 30 days= Balance is paid over
equal annual installments including interest
LUD Billing and
Payment Procedures
First annual payment is due one year
from date of first Treasurer’s collection
notice that is mailed to the property
owner of record and also published in
newspaper.
LUD Billing and
Payment Procedures
Any payoff after the 30 day period will
require p