1. Mello-Roos are required to pay for the bonds, which funded the infrastructure of SEH.
2. If we reduce the amount of Mello-Roos charged to each household, we can’t make the scheduled payments to bond holders
3. The Committee already reduced the Mello-Roos tax by refinancing the bond contract twice (2004, 2007)
So in essence:
1. Here’s why we charge so much for Mello Roos
2. Homeowners will continue to pay Mello Roos to pay off the debt created to build SEH
3. No, the committee will not be reducing the amount anytime soon.
4. Thanks for asking, though.
