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  • May 12, 2011 at 11:40 AM #18801
    UCGal
    Participant

    By way of bubbleinfo.com (JtR)

    Mello-Roos to Increase?

    http://thecoastnews.com/view/full_story/13156378/article-COMMUNITY-COMMENTARY–Mello-Roos-taxes-are-going-up?instance=coast_secondary_stories_left_column#ixzz1M7RtkX8a

    Those who own property in the Encinitas Ranch might want to take a closer look at your Mello Roos Taxes. They are going to increase.

    Encinitas City Council voted 3-1 April 27 to allow the Encinitas Ranch Golf Authority, or ERGA, to pay themselves a “contingency fund” of $100,000 a year for the next five years or more, before paying the full amount of the CFD bonds.

    This means the golf course and Carltas Development Corporation will be passing more of ERGA’s portion of the CFD bond debt of $400,000 per year on to you.

    By way of a brief explanation, CFD stands for Community Facilities District — the portion of the bonds that paid for the roads, utilities, etc., that you as property owners in the Encinitas Ranch are paying through your Mello Roos taxes.

    that’s a snippet. You can read the full article at either of the links above.

    May 12, 2011 at 12:41 PM #694873
    sdrealtor
    Participant

    Interestng but I beleive there is another relevant point both the newspaper and the NCC expert realtor missed. Several years ago when interest rates dropped, I beleive they refinanced the MR bonds and reduced the annual MR fees for the owners there. Not that this doesnt stink but I dont beleive they will be apying more than when they bought their homes. Not 100% certain on this though.

    May 12, 2011 at 12:41 PM #694960
    sdrealtor
    Participant

    Interestng but I beleive there is another relevant point both the newspaper and the NCC expert realtor missed. Several years ago when interest rates dropped, I beleive they refinanced the MR bonds and reduced the annual MR fees for the owners there. Not that this doesnt stink but I dont beleive they will be apying more than when they bought their homes. Not 100% certain on this though.

    May 12, 2011 at 12:41 PM #695563
    sdrealtor
    Participant

    Interestng but I beleive there is another relevant point both the newspaper and the NCC expert realtor missed. Several years ago when interest rates dropped, I beleive they refinanced the MR bonds and reduced the annual MR fees for the owners there. Not that this doesnt stink but I dont beleive they will be apying more than when they bought their homes. Not 100% certain on this though.

    May 12, 2011 at 12:41 PM #695711
    sdrealtor
    Participant

    Interestng but I beleive there is another relevant point both the newspaper and the NCC expert realtor missed. Several years ago when interest rates dropped, I beleive they refinanced the MR bonds and reduced the annual MR fees for the owners there. Not that this doesnt stink but I dont beleive they will be apying more than when they bought their homes. Not 100% certain on this though.

    May 12, 2011 at 12:41 PM #696065
    sdrealtor
    Participant

    Interestng but I beleive there is another relevant point both the newspaper and the NCC expert realtor missed. Several years ago when interest rates dropped, I beleive they refinanced the MR bonds and reduced the annual MR fees for the owners there. Not that this doesnt stink but I dont beleive they will be apying more than when they bought their homes. Not 100% certain on this though.

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