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CITY OF XENIA, OHIO ORDINANCE 2019 18 LEVYING SPECIAL ASSESSMENTS FOR THE PURPOSE OF ACQUIRING, CONSTRUCTING, AND IMPROVING CERTAIN PUBLIC IMPROVEMENTS IN THE CITY OF XENIA, OHIO, IN COOPERATION WITH

How to fill out levying special assessments for

How to fill out levying special assessments for

1. Step 1: Review the governing documents of the property to understand the process and requirements for levying special assessments.
2. Step 2: Determine the specific purpose for which the special assessment is being levied, such as funding a capital improvement project or covering unexpected expenses.
3. Step 3: Calculate the amount of the special assessment by considering the cost of the purpose and the number of units or properties subject to the assessment.
4. Step 4: Notify all affected property owners of the special assessment and provide them with the necessary information, including the purpose, amount, and payment schedule.
5. Step 5: Hold a meeting or hearing to allow property owners to ask questions or voice any concerns about the special assessment.
6. Step 6: Obtain the necessary approvals or votes from the property owners as required by the governing documents or local regulations.
7. Step 7: Implement the special assessment by collecting the funds from the property owners according to the established payment schedule.
8. Step 8: Keep detailed records of the special assessment process, including the notices, meeting minutes, and financial transactions.
9. Step 9: Use the collected funds for the intended purpose and ensure transparency in managing the funds.
10. Step 10: Regularly communicate with the property owners regarding the progress of the special assessment project or any updates on the use of funds.

Who needs levying special assessments for?

1. Homeowners associations (HOAs) may need to levy special assessments for various reasons, such as funding major repairs or improvements to common areas, covering unexpected expenses, or making up for budget shortfalls.
2. Property developers or real estate developers may need to levy special assessments to finance infrastructure development or community amenities in new developments.
3. Condominium boards or cooperative housing associations may need to levy special assessments to cover the cost of major repairs or upgrades to the building or shared facilities.
4. Municipalities or local governments may need to levy special assessments to fund public projects, infrastructure improvements, or services that benefit specific properties or neighborhoods.
5. Commercial property owners or business associations may also need to levy special assessments to fund improvement projects or services that directly benefit the businesses in a particular area.

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