Quote:
Originally Posted by Peachie
Steve, has anyone done the research regarding Stonecrest? Were any tax-free bonds or public financing provided for the building of Stonecrest and it's infrastructure or was it developed completely with private money. (Deep pockets may have provided this but I'm curious.)
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No public monies where used to develop Stoncrest. The first developer went belly up and a group of investors from I believe NY invested in the development. All the money used were private funds. No bonds were issued. We are responsible for all maintenance on the roads and infrastructure. The Water treatment use to belong to the developer but was sold to Marion County. It kind of is a kick in the backside because my property taxes do not reflect the fact that Stonecrest receives no public money for the roads or sewers. I pay the same as any other resident of Marion County but I chose to live there. So far I've been very happy.