EXPLANATION OF ULID PAYMENTS FOR JBWD ULID#1 (LANDS HILL)

With the Juniper Beach Water District ULID for the Land’s Hill project, there have been several instances of escrow or mortgage companies paying the full amount of the total ULID owed instead of the semi-annual payment.

To clarify for those looking up information on-line at www.islandcounty.net via their Island County Property Data and Tax Information On-Line link, please note the following:

• The original assessment was for $9,859.75.

• Previously, just after formation and first billing of the Juniper Beach ULID, it was listed on a *2012 Statement Details line. That is no longer the case.

• You will find the JBWD ULID information under the "Payout Agreement" which is the last section of the Island County Parcel Search data.

• If the mortgage/tax service companies are confused as to what is currently owed or has been paid, they can contact the Island County Treasurer’s office and anyone can assist them.

• The Balance in the Payout Agreement section refers to the ULID balance outstanding. for that parcel. Again, anyone can contact the Island county Treasurer’s office for confirmation.

Details of the ULID are as follows:

• JBWD Resolution No. 07-01-12/3 approved the final assessment roll for ULID No. 1, and such assessment roll was sent to Island County for collection.

• At that time, all or any portion of an assessment could be paid within 30 days from July 24, 2012 without penalty, interest or costs.

• Thereafter, the assessment remaining unpaid would then be paid in 42 equal semi-annual installments plus interest on the unpaid amount at a rate of 1.5% per annum.

• Installments were payable on September 30, 2012 and on each March 31 and September 30 thereafter.

• After August 23, 2012, any owner has the opportunity to pay the entire assessment remaining unpaid with interest to the date of the installment next falling due.

• If a property owner chose the 42 equal semi-annual installments, then the final payment would be in March of 2033.

• Installments not paid when due shall be assessed a penalty of 10%.

We sincerely hope this clears things up for everyone.

If you have any additional questions and/or concerns, please call Kevin Plambeck at JBWD or the Island County Treasurer. Contact information is below:

Island County Treasurer's Office
360-679-7302

Kevin Plambeck
JBWD President
360-474-7171
kplambeck@juniperbeachwaterdistrict.net